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Citigroup, Justice Department Will Pay $7-Billion Settlement

Posted July 14th, 2014 @ 8:01am

Citigroup will pay seven-billion dollars to settle with the Justice Department for selling bad mortgage-backed securities that help fuel the 2008 financial crisis.

The bank and the Justice Department made the announcement today.  

Federal investigators have been looking into Citi's role in creating the housing bubble a decade ago. 




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