Citigroup pays $7 billion in settlement

Banking & Finance

Citigroup has agreed to pay a multi-billion dollar settlement, which is the second largest settlement paid for by a Wall Street bank in the wake of the 2008 financial crisis, following an investigation into risky subprime mortgages.

(Source: Al Jazeera English YouTube channel)

More Videos

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Most Discussed
This Week's Magazine »

Cover Story

Loan Ranger
A year after taking over as chief executive of local banking giant Emirates NBD, Australia’s Shayne Nelson says he’s ready to take the lender into the next era.

Also in this issue

Subscribe Now