Citigroup Inc Comes Close to DoJ Ask, Avoids Public TrialMark Melin
Citigroup Inc (NYSE:C) is trading 4 percent higher in early morning trade after reporting soft earnings but more importantly investors learned its often contentious negotiations with the US Department of Justice are now in the rearview mirror.
Citigroup's settlement with DoJ
Citigroup Inc (NYSE:C) agreed to pay $7 billion to settle claims it sold mortgage backed securities leading up to the financial crisis that helped cause an exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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