Citi Pays $75 Million in Fines Over Subprime Disclosures

July 29th, 2010 | by DebtFree.net |

The Securities and Exchange Commission on Thursday charged financial giant Citigroup (C) with misleading investors over the bank’s failure to disclose its massive exposure to subprime mortgage-related securities during the height of the financial crisis. The bank settled with the agency, agreeing to pay $75 million in fines and charges.—
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