Citigroup Settles Mortgage-Bond Probe With $7B Fine
July 14 (Bloomberg) - Bloomberg’s Scarlet Fu reports that Citigroup has agreed to pay $7 billion in fines and consumer relief to settle a claim by the U.S. government that is misled investors about the quality of mortgage-backed bonds sold ahead of the 2008 financial crisis. She speaks on “Bloomberg Surveillance.”
Most Recent Videos
BOJ to Continue Easing - But Will It Work?
33:00 - The Bank of Japan kept its key monetary tools unchanged, and will mount a comprehensive review of its policy framework due to "considerable uncertainty" about the outlook for inflation, which has consistently underperformed the central bank’s forecasts. The yen jumped. Governor Haruhiko Kuroda and his team did enlarge a program of buying exchange traded funds by 2.7 trillion yen ($26 billion) a year, in a move to shore up confidence in light of post-Brexit volatility in financial markets and a slowdown in emerging markets. A dollar-lending facility was also expanded, the BOJ said in a statement in Tokyo Friday. Aberdeen Asset Management Senior Investment Manager Luke Hickmore discusses with "On the Move" hosts Anna Edwards in London and Caroline Hyde in Berlin.