Citigroup Inc Comes Close to DoJ Ask, Avoids Public Trial

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Mark Melin
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Citigroup Inc (NYSE:C) is trading 4 percent higher in early morning trade after reporting soft earnings but more importantly investors learned its often contentious negotiations with the US Department of Justice are now in the rearview mirror.

Citigroup Inc Comes Close to DoJ Ask, Avoids Public Trial

Citigroup’s settlement with DoJ

Citigroup Inc (NYSE:C) agreed to pay $7 billion to settle claims it sold mortgage backed securities leading up to the financial crisis that helped cause an estimated $12.8 trillion in...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.