Citigroup’s $7B Fine Sends Wrong Message: Whalen

July 14 (Bloomberg) -- Chris Whalen, head of research at Kroll Bond Rating Agency, and David Skorton, president at Cornell University, discuss the $7 billion fine paid by Citigroup to settle a U.S. government claim that it misled investors about the quality of mortgage-backed bonds, the message the fine sends to Main Street and what this may mean for Citigroup going forward. They speak on “Bloomberg Surveillance.”

Sears Filing Sparks Concern That the End Is Near
09:59 - Sears Holdings Corp. suffered its worst stock decline in six weeks after acknowledging “substantial doubt” about its future. Bloomberg Intelligence's Noel Hebert has more on "Bloomberg Markets." (Source: Bloomberg)
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