Citi (C) to Pay $1.12 Billion to Settle Legacy Securities Claims

Citigroup (C) has reportedly reached an agreement to resolve a lawsuit surrounding certain private label mortgage securities, Reuters reports. Citing a deal the bank reached with 18 institutional investors, the publication states the New York-based firm would pay $1.12 billion in cash to end legacy securities and other claims and induce a related charge of […] View the full post at: Citi (C) to Pay $1.12 Billion to Settle Legacy Securities Claims Related posts: Citi It’s Not Involved In SEC’s Goldman Lawsuit, John Gerspach U.S. Funds Own $3.4 bln in Mortgage-Backed Securities Citi Offers to Buy Back $1.1 Billion in Notes