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 $ 16.11 0.18 ▲ 1.13%
AAPL $ 128.95 3.80 ▲ 3.04%
AA $ 14.15 0.73 ▲ 5.44%
CHK $ 16.54 0.77 ▲ 4.88%
TWTR $ 37.84 1.12 ▼ 2.87%
MSFT $ 48.655 0.02 ▲ 0.03%
NOK $ 6.50 0.08 ▼ 1.22%
VALE $ 8.07 0.39 ▲ 5.08%

As of 5/1/2015, 04:15 PM