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’s tech startup activity rates last of 40 metro areas in report
  2. After years of downsizing, big houses make comeback
  3. Floating homes offer ‘affordable’ option in San Francisco area
  4. New J.C. Penney CEO comes from middle-income America
  5. Corporate America speaking out on social issues, getting results
  6. How to land that 1st job after college
  7. Importance stressed of securing your online banking
  8. Truffle dogs sniff out pungent fungus prized by foodies
  9. McDonald’s localizes menus to battle growing competition
  10. Aetna to buy rival Humana for $35B
  11. Pope’s South American homecoming to spotlight poor, environment