Citi, U.S. $7 Billion Settlement Announcement Expected Monday

Now watching

Next video starts in : 7 Play

Citi, U.S. $7 Billion Settlement Announcement Expected Monday

Citi, U.S. $7 Billion Settlement Announcement Expected Monday
Replay video
Up next

Amateur South African Rugby Team Fights for Existance

Unlock your personal NFL Now stream by signing in to NFL.com

Citi, U.S. $7 Billion Settlement Announcement Expected Monday

by Wochit 0:48 mins

Citi, U.S. $7 Billion Settlement Announcement Expected Monday

by Wochit 0:48 mins

Sources said, Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday. Sources familiar with the negotiations said, the $7 billion includes $4 billion in cash to the U.S. Department of Justice, $2.5 billion in consumer relief, more than $200 million to the Federal Deposit Insurance Corporation and just under $300 million to settle probes by five states.

Wochit

Must Watch

  1. Various - New Look Wireless [Day 3]

  2. 0:39

    Cover Shoots - Channing Tatum Busts 7 Dance Moves in 30 Seconds

  3. 3:15

    New Look Wireless - A$AP Rocky - Multiply Performance

  4. 0:49

    This Eye Color Is Linked To Alcoholism

  5. 6:01

    New Look Wireless - Labrinth - Earthquake Performance

  6. 4:43

    New Look Wireless - MNEK - Interview

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 30:58

    Community Episode 4: Queer Studies and Advanced Waxing

  5. 28:45

    Community Episode 5: Laws of Robotics and Party Rights

  6. 28:13

    Community Episode 6: Basic Email Security

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless