Citigroup nears US$7b settlement in US probe

NEW YORK: Citigroup Inc is close to paying about US$7 billion (RM22 billion) to resolve a United States probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the matter said on Tuesday.

To continue reading the rest of the article, click here

Leave a Reply