TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

SEC closes probe of Citi mortgage bonds

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

By The Associated Press
Saturday, Aug. 2, 2014, 12:01 a.m.
 

Citigroup Inc. said it was told by the Securities and Exchange Commission that the agency has completed its investigation of the bank's conduct regarding mortgage bonds and won't bring further enforcement action.

Citigroup said in a regulatory filing on Friday that it received the information from the SEC this week.

The SEC has filed a series of cases against Citigroup and other big Wall Street banks in recent years over their sales of securities backed by risky mortgages before the 2008 financial crisis. The banks have paid hundreds of millions of dollars to settle the SEC charges.

SEC spokesman John Nester declined to comment.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Small business hangs on fate of Export-Import Bank
  2. Muni bond funds stressed
  3. $2-per-gallon gas expected by year’s end, but not in Western Pa.
  4. FirstEnergy to build coal waste processing facility in Beaver County
  5. Insurers: F-150’s aluminum costly to repair
  6. Chevy tweaks its truck remake
  7. FedEx faces in-depth probe of bid to buy Dutch express company
  8. Jaguar XJ flagship struggles to keep pace
  9. 3 vehicles to keep an eye on for 2016
  10. Trib 30 index slips in July; 29 percent drop makes ATI biggest loser
  11. Low fuel pressure may have easy fix