Citi To Pay USD285 Mln To Settle CDO Suit

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Citi To Pay USD285 Mln To Settle CDO Suit

Citigroup, without admitting or denying allegations, has agreed to pay USD285 million to settle charges brought by the U.S. Securities and Exchange Commission that Citigroup Global Markets had misled investors in collateralized debt obligation tied to the U.S. housing market.

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