Citigroup Inc, RMBS Settlement Won’t Impact Its Quarterly EPS [CREDIT SUISSE]

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Citigroup Inc (NYSE:C)’s settlement to pay $1.125 billion to settle legacy and other claims would be a positive, note Credit Suisse analysts. Moshe Orenbuch and Jill Glaser Shea of Credit Suisse in their Equity Research report dated April 7, 2014 note Citigroup’s recent settlement is a positive in that it puts another legal issue behind the company. Citigroup’s settlement Citigroup Inc (NYSE:C) said Monday it would pay $1.12 billion in cash to settle legacy securities and other claims and incur a related charge of $100 million in the first quarter. Citigroup reached the agreement with 18 institutional investors and said…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports