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Citigroup

World news about “Citigroup” published by euronews.

14/07 14:52 CET

Citigroup settles for $7bn after US probe into toxic home loans

Citigroup settles for $7bn after US probe into toxic home loans

Citgroup Inc has agreed to pay $7bn to resolve a US government investigation into inadequate mortgage-backed securities the bank sold in the run-up to the financial crisis in 2008. The settlement ends months of negotiations, during which the US government demanded $12bn and…