SEC Targets Citi's Subprime Mortgage Business
The SEC and other regulators are looking into the bank's mortgage-related conduct and business activities, in addition to other aspects of the business affected by the credit crisis. This includes an "ongoing inquiry" into Citigroup's structuring and sale of collateralized debt obligations, according to the filing.
Citigroup is cooperating fully with the SEC's inquiries, the company says in...
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