-
Business
-
Policy & Business
-
-
Federal IT
-
Information Technology
-
-
State & Local
-
State & Local Government
-
-
Defense
-
Defense & Intelligence
-
-
Healthcare
-
Healthcare Policy & IT
-
-
Energy
-
Energy Policy & Technology
-
-
Education
-
Education Policy & Technology
-
Citigroup to pay $7B in subprime mortgages probe
AZ Central: WASHINGTON (AP) -- Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.
The agreement announced Monday comes weeks after talks between the sides broke down, prompting the government to warn that it would sue the New York investment bank. The bank had offered to pay less than $4 billion, a sum substantially less than what the Justice Department was asking for.
AZ Central: WASHINGTON (AP) -- Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.
The agreement announced Monday comes weeks after talks between the sides broke down, prompting the government to warn that it would sue the New York investment bank. The bank had offered to pay less than $4 billion, a sum substantially less than what the Justice Department was asking for.
Tags
Share
Top Stories
- Closing the Digital Divide in Government: 5 Strategies for Digital Transformation
- IT leaders take note: The future is what you create
- 2023: The Year of Modern Government
- 5 Things Holding Innovation Back at the IRS
- That Time the Federal Government Was Ruled By Czars
- Inflation Costs Present Both Barrier, Opportunity For Contractors In 2023
- Top 9 challenges IT leaders will face in 2023
- NASA overspent $15 million on unused Oracle licenses as it failed to track usage
- Women Bring Skills – and Face Different Challenges – in Government
- Library of Congress Looks to Spend up to $450M on IT and Software Contract Work
- GAO: Agencies Need to Conduct Cyber Risk Assessments of IoT, OT Devices in Critical Infrastructure Sectors
- The White House Charts a Course for Open Government
- Here Are the Major Takeaways From the $1.7 Trillion Omnibus Spending Bill
- Recent Hiring Reforms Are Already Working, Federal HR Leaders Say
- Ukraine Tech Chief: Cloud Migration ‘Saved Ukrainian Government and Economy’
- State Department unveils $10B enterprise IT services solicitation
Whitepapers & Special Reports
i360Gov Newsletters
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe NowTrending
- FINRA CIO Steve Randich pushes the public cloud forward
- The Challenge of Modernizing the Civil Service
- FITARA scorecard sees 7 agencies increase their marks amid cyber methodology changes
- New report warns of growing 'data divide'
- Tech Wanted: Government Calls on Industry to Help with Net-Zero Carbon Buildings
- IT leaders uplift women to fill tech talent gaps
- The present and future of FedRAMP
- CISA director looking for 'unlikely' partnerships in cyber fight
Also in Policy & Business
About
i360Gov is an intelligent network of websites and e-newsletters that provides government business, policy and technology leaders with a single destination for the most important news and analysis regarding their agency strategies and initiatives.
Contact Us
Telephone: 202.760.2280
Toll Free: 855.i360.Gov
Fax: 202.697.5045
Newsletters
Copyright © 2009-2024 i360Communications, LLC.