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Financial Crisis

World news about “Financial Crisis” published by euronews.

13/06 18:18 CET

Citigroup reported to be facing $10 billion fine over mortgage misdeeds

Citigroup reported to be facing $10 billion fine over mortgage misdeeds

The US Justice Department reportedly wants $10 billion from Citigroup to settle an investigation into the bank's sale of mortgage-backed bonds. The 2008 financial crisis was triggered by toxic loans bundled into such mortgage securities and sold to investors without the risk…


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