Citi Group Settlement
Citigroup to Provide US$180 Million Affordable Rental Housing Financing as Part of US$7 Billion Settlement
| Marcel Woo | | Jul 15, 2014 02:33 AM EDT |
The US Attorney General announced that Citigroup has agreed to pay USD7 billion to settle a federal inquiry for its role in the sale of risky mortgage-based securities that led to the financial crisis and vowed to provide financing of up to US$180 million to build affordable rental housing.
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