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Archive Home > 2008 > August > 08 > Citigroup to buy back $7 billion in securities

Citigroup to buy back $7 billion in securities


August 8, 2008

NEW YORK — Citigroup Inc. agreed Thursday to pay a $100 million fine and buy back more than $7 billion in troubled fixed-income securities from individuals who have been stranded in the investments for most of this year.

The settlement, with New York state Attorney General Andrew Cuomo....

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