Citigroup, DOJ Reach $7B Mortgage Settlement

By Evan Weinberger (July 14, 2014, 8:19 AM EDT) -- Citigroup Inc. on Monday said it has agreed to a $7 billion settlement with the U.S. Department of Justice to resolve a federal probe into the bank's loan securitizations in the runup to the financial crisis, ending the threat of a lawsuit that federal prosecutors were reportedly prepared to launch. 

The settlement with the Justice Department, the Federal Deposit Insurance Corp. and five state attorneys general brings to a close years of investigations, litigation and settlements brought by federal and state regulators against the New York-based bank over its mortgage-related activities prior to the financial crisis. The deal seemed unlikely weeks...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!