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Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Citigroup Fined $7 Billion

(CN) - Citigroup will pay $7 billion to settle a federal investigation into its sale of mortgage-backed securities, the banking group said Monday.

Four billion dollars will go to the federal government, $500 million to state attorneys general and the FDIC, and another $2.5 billion to so-called "consumer relief."

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