Citigroup pays $7bn to settle MBS probe – Financial Times
MiamiHerald.com |
Citigroup pays bn to settle MBS probe
Financial Times Citigroup reported a slump in net income in the second quarter after it agreed to pay bn to settle a US government probe into the sale of mortgage-backed securities. The bank took a .8bn pre-tax charge in the quarter, nearly wiping out profits by reducing … Distancing itself from financial meltdown, Citigroup agrees to B settlement … Mortgage Settlement Charge Mars Strong Quarter for Citigroup Investors welcome Citi settlement |
