Citi Profit Hit By Charge Related To Shoddy Mortgage Securities - Presented by: The Aol. On Network

Citigroup reported a 96 percent drop in quarterly earnings after taking a charge of $3.8 billion related to a $7 billion settlement with the U.S. Department of Justice over the sale of shoddy mortgage-based securities. GERBER KAWASAKI CEO ROSS GERBER: The settlement figure, announced early on Monday, was more than twice what many analysts expected earlier this year but less than the $12 billion sought by the government in negotiations with the bank.



Related Videos

Most Popular Videos

Latest Videos


Most Active by Volume

Company Last Sale Change Net / %
BAC $ 13 1.04 ▼ 7.41%
TVIX $ 3.31 0.96 ▲ 40.85%
SIRI $ 3.88 0.12 ▼ 3%
F $ 12.52 0.88 ▼ 6.57%
MSFT $ 49.83 2.08 ▼ 4.01%
XIV $ 22 8.05 ▼ 26.79%
SAN $ 3.83 0.97 ▼ 20.21%
MU $ 13.21 0.84 ▼ 5.98%

As of 6/24/2016, 04:15 PM