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Wednesday, October 19, 2011

Citigroup to pay 36 285 mln in CDO civil fraud case

Citigroup to pay 36 285 mln in CDO civil fraud case By Jonathan Stempel and Aruna Viswanatha REUTERS - Citigroup Inc will pay $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the US Securities and Exchange Commission said on ... Citigroup to pay 36 285 mln in CDO civil fraud case

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