Citigroup to Pay $75 Million to Settle SEC Subprime Case

July 29th, 2010

Another one for your Pocket Lint file folder.

Via: Bloomberg:

Citigroup Inc., which got a $45 billion taxpayer bailout, will pay $75 million to settle U.S. regulatory claims that it understated investments linked to subprime mortgages as the housing crisis unfolded, a person with direct knowledge of the matter said.

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