Citigroup Confirms DOJ Subpoena Seeking MBS Info

Law360, New York (February 24, 2012, 4:35 PM EST) -- Citigroup Inc. has been hit with a subpoena by the Department of Justice and other federal and state regulators asking about its role in issuing, sponsoring and underwriting mortgage-backed securities, the bank said Friday.

In its annual report to the U.S. Securities and Exchange Commission, Citigroup disclosed that the bank has received “numerous requests, subpoenas and orders seeking documents, testimony and other information” from the SEC, the Financial Industry Regulatory Authority, state attorneys general, the DOJ — including its Civil Division — bank regulators and other...
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