US, Citi Near Multibillion Dollar Deal to Settle Mortgage Probe

A settlement could be announced as early as next week..
US, Citi Near Multibillion Dollar Deal to Settle Mortgage Probe

Image Credits: 62697772@N02, Flickr

by CNBC | July 8, 2014


Movement toward a deal follows the Department of Justice’s recent threat to sue. Citigroup is expected to pay more than $4 billion to settle the probe, according to a Dow Jones report that cites sources.

A settlement could be announced as early as next week, according to the report.

This story is developing. Please check back for further updates.


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