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The Financial Industry Regulatory Authority announced today that it has fined Citigroup Global Markets, Inc. $3.5 million for providing inaccurate mortgage performance info
The Financial Industry Regulatory Authority has fined Citigroup Inc.'s (C) Global Markets group $3.5 million for allegedly posting inaccurate data about deals it was making on mortgage-backed securities during the subprime mortgage and housing market crisis.

Citigroup sellsstake in India mortgage firm

Posted by mortgage 87 days ago (Editorial)
BANKING giant Citigroup, looking to raise capital, said yesterday it had sold its nearly 10 per cent stake in India's biggest mortgage lender for US$1.9 billion (RM5.7 billion), ending a seven-year investment. Citigroup, the third-largest US lender by assets, said the sale of 145.3 million shares in Housing Development Finance Corp (HDFC) - the whole of its 9.85 per cent stake - was "par
Citigroup Inc. exited an almost seven-year-old investment in India?s largest mortgage lender, selling its stake in Housing Development Finance Corp. for as much as 95.5 billion rupees ($1.9 billion).
Citigroup Inc. plans to exit an almost seven-year-old investment in India?s largest mortgage lender with an offer to sell its stake in Housing Development Finance Corp. for as much as 102 billion rupees ($2.1 billion).
Citigroup plans to shed its stake in the Housing Development Finance Corporation of India, a move that could raise more than $2 billion for the bank.
Citigroup Inc. exited an almost seven-year investment in India?s largest mortgage lender after selling its stake in Housing Development Finance Corp. for 95.5 billion rupees ($1.9 billion), according to a person with knowledge of the matter.
Citigroup Inc. (C) is looking to raise up to $2.07 billion by selling its entire stake in Indian mortgage lender Housing Development Finance Corp. (500010.BY).

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