Citigroup has agreed to pay $285M to investors in a negligence suit. Federal regulators said Citi sold a $1 billion investment product tied to the weakening housing market in 2007 without telling investors it was using the instrument to bet against them. (Wapo)

Citigroup has agreed to pay $285M to investors in a negligence suit. Federal regulators said Citi sold a $1 billion investment product tied to the weakening housing market in 2007 without telling investors it was using the instrument to bet against them. (Wapo)

Oct20

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