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.

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. Pittsburgh unemployment rate steady as job market shrinks
  2. Sniffer lets PixController detect methane gas leaks
  3. Steelworkers union says ATI talks to resume
  4. Shale gas violations down as DEP steps up inspections
  5. ModCloth gets physical
  6. Trib 30 takes bigger hit than Dow in August
  7. Unregulated vape shops fear FDA crackdown
  8. Gasoline prices down nearly a dime in Pittsburgh area
  9. Popularity of emerging markets wanes
  10. Marcellus shale drillers, Pa. settle 3 cases of fouling water supplies, pay $374K
  11. Oilfield giant Schlumberger to purchase Cameron in $12.71B deal