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Archive Home > 2010 > July > 30 > Subprime claims cost Citigroup $75 million

Subprime claims cost Citigroup $75 million

By Eric Dash and Louise Story / The Bulletin
July 30, 2010

Citigroup agreed Thursday to pay $75 million to settle federal claims that it failed to disclose vast holdings of subprime mortgage investments that were deteriorating during the financial crisis and ultimately crippled the bank.

The settlement centers on events in the fall of 2007, when....

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