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Citigroup to pay $7B in subprime mortgages probe

July 15, 2014
By ERIC TUCKER , The Associated Press

WASHINGTON - Citigroup agreed Monday 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.

 
 

 

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