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.”

It May Be Time to Go Bottom-Fishing in Canadian Equities
01:54 - Chhad Aul, portfolio manager at Sun Life Global Investments, joined Bloomberg TV Canada's Lily Jamali to discuss where he sees opportunities in cheap Canadian stocks. (Source: Bloomberg)
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