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US-BANKING-HOUSING-CITIGROUP
The Citigroup Center is viewed in midtown Manhattan July 14, 2014. Citigroup on Monday agreed to pay $7 billion to settle allegations it misled investors on mortgage-linked securities ahead of the financial crisis in the latest US crackdown on a financial giant. US Attorney General Eric Holder, calling Citi's conduct "egregious," said the bank concealed defects in loans, misrepresented facts --including the level of risk in mortgages--and made false statements to investors. The agreement includes a $4 billion civil penalty, the largest of its kind under a financial enforcement recovery law, according to the Justice Department. AFP PHOTO / Timothy A. CLARY
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Detalii fotografie |
Loc: |
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New York, UNITED STATES |
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Sursa: |
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AFP / Mediafax Foto |
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Fotograf: |
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Timothy A. CLARY |
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Data: |
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14 Iulie 2014 |
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Dimensiuni: |
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4180 x 3137 (1.39 MB) |
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