Instantaneous Box: Citi paying $285M to settle charges
CITI SETTLES CHARGES: Citigroup is paying $285 million to settle civil fraud charges of misleading buyers of a compound mortgage investment merely what the housing sell was first to collapse.INVESTORS LOST BIG: Citigroup think in contrast to the investment into 2007 and made $160 million into fees and profits, the Securities and trade Commission whispered. Investors lost millions.capacious PENALTY: The money bidding come about returned to investors. The penalty is the leading connecting a block Street press down accused of misleading investors ahead of the monetary catastrophe since Goldman Sachs paid $550 million to settle comparable charges very last time.
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