ADVFN - Advanced Financial Network.
HOME» NYSE » C » C Stock Price » C Stock News

Citigroup Share News

 Citigroup Stock Price
C Stock Price
 Citigroup Stock Chart
C Stock Chart
 Citigroup Stock News
C Stock News
 Citigroup Company Information
C Company Information
 Citigroup Stock Trades
C Stock Trades

FDIC Targets Banks Over Soured Mortgage Securities

By Andrew R. Johnson Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The Federal Deposit Insurance Corp. is suing several big banks over soured mortgage securities that were purchased by failed lenders the regulator seized in 2009. In three separate suits filed Friday in federal court, the FDIC claims banks including Bank of America Corp. (BAC), J.P. Morgan Chase & Co. (JPM), Citigroup Inc. (C) and Credit Suisse Group AG (CS, CSGN.VX) misrepresented the quality of mortgage loans packed into securities. Two of the suits, including one in New York and one in California, were filed by the FDIC as the receiver for Strategic Capital Bank. The other, filed in New York, was filed by the agency as the receiver for both Citizens National Bank and Strategic Capital Bank. The FDIC seized the Illinois banks in May 2009. Combined, the three suits seek at least $92 million in damages, according to the complaints. A spokesman for the FDIC declined to comment Monday as did several of the banks. The FDIC has been actively pursuing claims against lenders and bank executives over activities leading up to the financial crisis, which resulted in a wave of bank failures. In December, the agency settled a civil lawsuit for $65 million against three former executives of Washington Mutual Inc., whose allegedly reckless behavior led to the bank's collapse. News of the lawsuits was first reported by Bloomberg News. -By Andrew R. Johnson, Dow Jones Newswires; 212-416-3214; andrew.r.johnson@dowjones.com --Brett Philbin and Liz Moyer contributed to this article.

Stock News for Citigroup (C)
DateTimeHeadline
03/27/201517:11:23Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201517:01:32Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201516:56:58Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201514:55:30Prospectus Filed Pursuante to Rule 424(b)(8) (424b8)
03/27/201514:04:35Why American Express Gave Costco the Boot (and Not the Other...
03/27/201513:12:12Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201513:01:52Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201512:05:02Why American Express Gave Costco the Boot (and Not the Other...
03/27/201506:31:30Wall Street Breakfast: Markets Prepare For Yellen Speech
03/27/201506:02:13Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
03/27/201506:02:13Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201506:02:13Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201503:28:55JPMorgan holds on to top investment banking spot
03/26/201522:20:12Citi to Sell Diners Club Credit Card Operations in Japan
03/26/201521:09:30Portfolio Changes For The First Quarter Of 2015
03/26/201516:02:26Current Report Filing (8-k)
03/26/201515:47:03Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/26/201515:03:42Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/26/201509:29:34Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
03/26/201509:00:00Goodyear and Citi Retail Services Announce Renewal of Long-term...

Citigroup and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad