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Citigroup agrees to settlement in mortgage crisis role

Updated: Monday, July 14 2014, 05:42 PM CDT
Citigroup has agreed to a seven billion dollar settlement for its role in the mortgage crisis.

Four billion of that will be paid as penalties to the U S  Justice Department.
  
Two-and-a -half billion will give relief to homeowners.
And the other half-billion will be divided between state Attorneys General and the FDIC.
  
Citigroup's CEO says the settlement will allow the company to move forward and focus on the future.
Citigroup agrees to settlement in mortgage crisis role


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