Citigroup may pay $7 bln to resolve U.S. mortgage probes -source
July 08, 2014 at 21:57 PM EDT
NEW YORK/WASHINGTON, July 8 (Reuters) - Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the matter said on Tuesday.