Citi settles with SEC for $75 million
Citigroup has reached a $75 million settlement with the U.S. Securities and Exchange Commission for misleading investors about the extent of its holdings in sub-prime mortgage investments. This follows the SEC’s investigation into several banking practices during the financial crisis and their record settlement with Wall Street giant Goldman Sachs.
We talk with Louise Story, finance reporter for our partner The New York Times, about the settlement.
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