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Latest Capital One Promotions, Bonuses, Provides And Coupons: Could 2022
A Citigroup shareholder filed a lawsuit days after the vote, claiming Citi executives breached their fiduciary duties. In response, Richard Parsons, former chairman of Citigroup, known as the vote a “critical matter”. In July 2010, Citigroup agreed to pay $75 million to settle civil costs that it misled buyers over potential losses from high-risk mortgages. The U.S. Securities and Exchange Commission said that Citigroup had made deceptive statements about the company’s exposure to subprime mortgages. In 2007, Citigroup indicated that its exposure was lower than $13 billion, when in reality it was over $50 billion. In January 2022, Citi additional announced its plan to exit shopper banking in Mexico, as nicely as small-business and middle-market banking operations.