Citigroup To Pay Fannie Mae $968 Million – ValueWalk Premium
citigroup
01Jul

Citigroup To Pay Fannie Mae $968 Million

Citigroup Inc. (NYSE:C) has reached an agreement to pay $968 million to Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) to resolve potential claims over residential first-mortgage claims.

The End For Hangovers From Financial Crisis

The deal marks the end of one of the hangovers from the financial crisis for Citigroup Inc. (NYSE:C). The banking group agreed to pay $968 million to settle potential claims that it

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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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