Citigroup to pay $7B in subprime mortgages probe (11)

SFGate.com 2014.07.14 14:47
Updated 4:30 am, Monday, July 14, 2014 Page 1 of 1 WASHINGTON (AP) - Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis. The agreement announced Monday comes weeks after talks between the sides broke down, prompting the government to warn that it would sue the New York investment bank.
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