5 Takeaways From Citi's $7B Mortgage Deal

By Evan Weinberger (July 14, 2014, 6:02 PM EDT) -- Citigroup Inc.'s $7 billion settlement Monday with the U.S. Department of Justice over its pre-financial-crisis mortgage securitizations practices raises the bar for the big bank settlements still to come, and signals that prosecutors will continue to look more to a bank's conduct than its market size when determining penalties, experts say.

Here, Law360 looks at five key lessons banks can take from the deal Citigroup reached.

Conduct Matters More than Market Share

While Citigroup's $7 billion settlement is dwarfed by the $13 billion in total payouts JPMorgan Chase & Co. agreed to in November, a deeper look at the numbers shows that Citigroup...

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