Citigroup Settles Mortgage-Bond Probe With $7B Fine

Citigroup Settles Mortgage-Bond Probe With $7B Fine Play

July 14 (Bloomberg) - Bloomberg’s Scarlet Fu reports that Citigroup has agreed to pay $7 billion in fines and consumer relief to settle a claim by the U.S. government that is misled investors about the quality of mortgage-backed bonds sold ahead of the 2008 financial crisis. She speaks on “Bloomberg Surveillance.”

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