On Thursday, Citigroup reported disappointing results with earnings plunging 86% on a large legal charge and lower than expected operating performance in some segments. The Citigroup has become the latest bank in the US to report disappointing results.
Earnings from the fourth quarter...read more
California will receive a share of the roughly $7 billion that Citigroup has agreed to pay to settle federal claims regarding the sale of toxic mortgages during the housing boom ahead of the 2008 economic crisis.
Reaching a settlement with the U. S. Department of Justice and five states,...read more
California is one of the several states of the U. S. that will share in money that Citigroup Inc. has reportedly agreed to pay to settle an investigation into sales of mortgage-backed bonds before the 2008 financial crisis.
Speaking on condition of anonymity, a person familiar with the...read more
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