Citigroup is paying hundreds of millions to settle a lawsuit accusing it of betting against its own clients on a mortgage-backed security that the bank had designed to fail. Citi will pay $287 million to settle the lawsuit filed Wednesday by the Securities and Exchange Commission. The complaint involves a security that derived its value from subprime mortgages -- known as a collateralized debt ...
Citigroup paying $285 million to settle SEC fraud charges
Posted by mortgage 215 days ago (Editorial)
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