DoJ Near Big Settlement With Citigroup Inc: WSJ - Hedge Fund Alpha (formerly ValueWalk Premium)

DoJ Near Big Settlement With Citigroup Inc: WSJ

The US Justice Department and Citigroup Inc (NYSE:C) have closed the gap in the bid-ask spread on a financial settlement and may be close to a deal. Citigroup prepared to settle deceptive mortgage product sales allegations The Wall Street Journal is reporting that Citigroup Inc (NYSE:C) is prepared to settle allegations the bank packaged and sold deceptive mortgage products designed to be opaque. The actual agreed upon settlement price should be interesting to watch. “The two sides, which had been far apart just weeks ago, are now ironing out details of an agreement that would have the bank pay more...

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