Citigroup Settles Mortgage-Bond Probe With $7B Fine

July 14, 2014 AT 7:24 AM
July 14 (Bloomberg) - Bloombergs 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.