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.”

Stock Exchange: Top Asia Equities Movers
19:48 - In today's "Stock Exchange," Bloomberg's Yvonne Man, Haidi Lun and David Ingles discuss the top three stocks to watch in Asia on "First Up." (Source: Bloomberg)
  • What's Driving Military Spending in Asia?
  • Wantedly: Social Networking for Businesses
  • Crisis Management Driving Japan M&A