Citigroup Inc, RMBS Settlement Won’t Impact Its Quarterly EPS [CREDIT SUISSE]

Citigroup Inc (NYSE:C)’s settlement to pay $1.125 billion to settle legacy and other claims would be a positive, note Credit Suisse analysts. Moshe Orenbuch and Jill Glaser Shea of Credit Suisse in their Equity Research report dated April 7, 2014 note Citigroup’s recent settlement is a positive in that it puts another legal issue behind the company. Citigroup’s settlement Citigroup Inc (NYSE:C) said Monday it would pay $1.12 billion in cash to settle legacy securities and other claims and incur a related charge of $100 million in the first quarter. Citigroup reached the agreement with 18 institutional investors and said…