A $7B Deal Between Citi (C) And DOJ Expected To Be Unveiled Monday: Report

Citigroup (C) has reportedly agreed to pay $7 billion to settle a U.S. government probe into faulty mortgage-backed securities the New York-based bank sold in the run-up to the 2008 financial crisis. The $7 billion settlement consists of $4 billion in cash to the U.S. Justice Department, $2.5 billion in consumer relief, more than $200 […] View the full post at: A $7B Deal Between Citi (C) And DOJ Expected To Be Unveiled Monday: Report Related posts: Wells Fargo, Wachovia Deal Temporarily Suspended by Judge’s Order Citigroup Increasingly Frustrated With Treasury’s Indecision to Sell Stake A Yahoo Deal Could Be Imminent