New York Attorney General Eric T. Schneiderman announced that Citigroup had been issued a penalty of $1m marking the final piece in a three-year investigation dating back to 2012. The bank was accused by regulators and lawmakers of misleading investors about its exposure to risky mortgage securities.
New York Attorney General Eric T. Schneiderman announced that Citigroup had been issued a penalty of $1m marking the final piece in a three-year investigation dating back to 2012. Citigroup reimbursed $22.5m to customers after the investigation discovered that 47,000 had been overcharged.