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Citigroup to pay $75 million to settle SEC charges
Reuters
By Maria AspanNEW YORK (Reuters) - Citigroup Inc (C.N) will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.The SEC also...
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Citigroup, SEC settle for $75M
Washington Post
Citigroup, one of the nation's largest banks, agreed Thursday to pay $75 million to settle a Securities and Exchange Commission complaint that it misled investors about $40 billion of its holdings in sub-prime mortgage investments that sent the...
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Citigroup agrees $75m fraud fine
BBC
Banking giant Citigroup has agreed to pay $75m (£48m) to settle civil charges that it misled investors over potential losses from high-risk mortgages. It agreed the settlement with US financial watchdog the Securities and Exchange Commission (SEC). The...
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Royal Dutch Shell and Exxon profits almost double
BBC
Second-quarter profits at oil giant Royal Dutch Shell have almost doubled after the firm completed a year-long corporate restructuring programme. The firm reported profits of $4.5bn (£2.9bn) on a current cost of supplies basis, up from $2.3bn a...
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