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Category : Cashcentral

22 Jun 2020

Justice Department, Federal and State Partners Secure Record $7 Billion Global payment with Citigroup for Misleading Investors About Securities Containing Toxic Mortgages

Justice Department, Federal and State Partners Secure Record $7 Billion Global payment with Citigroup for Misleading Investors About Securities Containing Toxic Mortgages WASHINGTON—The Justice Department, along with federal and state lovers, today announced a $7 billion settlement with Citigroup Inc. To eliminate federal and state civil claims associated to Citigroup’s conduct when you look at the packaging, securitization, marketing, sale and issuance of domestic mortgage-backed securities (RMBS) ahead of Jan. 1, 2009. The quality carries a $4 billion civil penalty—the […]