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Citigroup Will Pay $7 Billion in Probe

July 15, 2014
The Intelligencer / Wheeling News-Register

WASHINGTON (AP) - Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades, the Justice Department said Monday.

 
 
 

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