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Wednesday, October 19, 2011

Citigroup to pay US$285m to settle fraud case

Citigroup to pay US$285m to settle fraud case NEW YORK - Citigroup will pay US$285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the US Securities and Exchange Commission said on Wednesday. ... Citigroup to pay US$285m to settle fraud case

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