More Citigroup Articles

  • Illinois will get $84 million in massive Citigroup settlement

    Madigan CHICAGO (Legal Newsline) – Illinois Attorney General Lisa Madigan announced an $84 million settlement on Monday with Citigroup to resolve allegations it engaged in misconduct when it marketed and sold risky residential mortgage-backed securities (RMBS). The agreement is part of...

  • NY to get $182M from Citigroup's $7B settlement

    ALBANY, N.Y. (AP) — New York is poised to receive $92 million in cash and at least $90 million in consumer relief as part of a $7 billion national settlement with Citigroup for its handling of risky subprime mortgages that contributed to the national financial crisis in 2008. In the settlement,...

  • Citigroup to pay $7B in subprime mortgages probe

    WASHINGTON (AP) — Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades, the...

  • Stocks snap higher on Wall Street; Citigroup up

    Stocks are closing sharply higher as the market shakes off its worst weekly performance in three months. Citigroup rose 3 percent after the bank turned in better results than Wall Street expected. The bank also said it had reached a settlement in an investigation into its mortgage securities...

  • Mortgage settlement hits Citigroup net income

    Citigroup said Monday that its net income dropped in the second quarter after it took a $3.8 billion charge to settle claims over its risky subprime mortgage business. The charge pushed down its net income to $181 million from $4.18 billion a year earlier. On a per-share basis, net income was...

  • VIDEO: Citigroup to pay $7 billion in settlement

    Citigroup and the Justice Department announced on Monday a $7 billion settlement for the bank's involvement in mortgage-backed securities it sold leading up to the 2008 financial crisis.



From the Weekly Standard

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