Deal with SEC, NY state seen as 'face-saving,' could mean more ahead
(NEWSER) - Citigroup has agreed to buy back $7 billion in risky debt it marketed to consumers as safe and equivalent to cash, Reuters reports. Today’s deal, struck with New York's attorney general and the SEC, also requires the bank to pay fines totaling $100 million, and reimburse customers who took a loss on auction-rate debt. More»
