Citigroup may pay more than $285 m to satisfy the accord

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

According to lawyers following the court process, Citigroup Inc. might be required to compensate more than it proposed earlier in agreement with US regulators. Last month Citigroup, the third-largest US bank agreed to accept Securities and Exchange Commission's claim that it misinformed investors about $1 billion CDOs linked to mortgage securities. As result, investors lost more than $700 m. Current agreement implies $285 m settlement on collapsed CDOs.

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