BANKTHINK

Citi Settles with Investors (Again); Cyprus Update; Levin Explains 'Whale' Hearing

Receiving Wide Coverage ... Citi Settles: In a story that will sound familiar, Citigroup has agreed to pay $730 million to settle claims that it misled its bond and preferred stock investors about possible exposure to losses on securities backed by subprime mortgages. The settlement is now the second-largest class action settlement related to the financial crisis. Bank of America's $2.4 billion payout to shareholders over the health of Merrill Lynch still takes the top spot.…

To continue reading Morning Scan, please log in or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.


Already a subscriber? Log in here
Please note you must now log in with your email address and password.