Citigroup Sued by Swisscanto Over Comments About Mortgage Loans

Citigroup Inc. (C) was accused in a lawsuit by Swisscanto Asset Management AG of making misleading statements about its financial condition from 2006 to 2009.

The suit in Manhattan federal court focuses on statements the New York-based bank made about the risks it faced over mortgage loans.

To contact the reporter on this story: David Glovin in New York at dglovin@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net

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