{"id":5474,"date":"2013-06-08T00:00:00","date_gmt":"2013-06-08T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/06\/financial_firm_roundup_citigro"},"modified":"2022-05-04T14:24:15","modified_gmt":"2022-05-04T19:24:15","slug":"financial-firm-roundup-citigro","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/financial-firm-roundup-citigro\/","title":{"rendered":"Financial Firm Roundup: Citigroup Settles $3.5B MBS Lawsuit with FHFA, JPMorgan Unit Fined $4.64M, Court Won\u2019t Dismiss USB Whistleblower\u2019s Action, &#038; Ex-Goldman Sachs Executive to Pay $100K Over Pay-To-Play Scam"},"content":{"rendered":"<p><strong>Citigroup (C) Settle $3.5B securities lawsuit Over MBS Sold to Freddie Mac, Fannie Mae <\/strong><\/p>\n<p><a href=\"https:\/\/www.investorlawyers.com\/citigroup-background-information.html\">Citigroup<\/a> has settled the $3.5 billion <a href=\"https:\/\/www.investorlawyers.com\/derivative-securities-derivatives-mortgage-backed-securities-mbs.html\">mortgage-backed securities <\/a>filed with the Federal Housing Finance Agency. The MBS were sold to Freddie Mac and Fannie Mae and both sustained resulting losses. This is the second of 18 securities fraud cases involving FHFA suing banks last year over more than $200B in MBS losses by Fannie and Freddie. The lawsuit is <em>FHFA v. Citigroup<\/em>.<\/p>\n<p><strong>J.P. Morgan International Bank Ltd. Slapped with $4.64M Fine by UK Regulator<\/strong><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/financial-firm-roundup-citigro\/\"  title=\"Continue Reading Financial Firm Roundup: Citigroup Settles $3.5B MBS Lawsuit with FHFA, JPMorgan Unit Fined $4.64M, Court Won\u2019t Dismiss USB Whistleblower\u2019s Action, &#038; Ex-Goldman Sachs Executive to Pay $100K Over Pay-To-Play Scam\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Citigroup (C) Settle $3.5B securities lawsuit Over MBS Sold to Freddie Mac, Fannie Mae Citigroup has settled the $3.5 billion mortgage-backed securities filed with the Federal Housing Finance Agency. The MBS were sold to Freddie Mac and Fannie Mae and both sustained resulting losses. This is the second of 18 securities fraud cases involving FHFA [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3820,3960,3752,3947,3958,3757,3755,3938],"tags":[],"class_list":["post-5474","post","type-post","status-publish","format-standard","hentry","category-citigroup","category-doddfrank-wall-street-reform-a","category-financial-firms","category-goldman-sachs","category-jp-morgan-chase","category-mortgagebacked-securities","category-ubs","category-whistleblowers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Firm Roundup: Citigroup Settles $3.5B MBS Lawsuit with FHFA, JPMorgan Unit Fined $4.64M, Court Won\u2019t Dismiss USB Whistleblower\u2019s Action, &amp; Ex-Goldman Sachs Executive to Pay $100K Over Pay-To-Play Scam &#8212; Investor Lawyers Blog &#8212; June 8, 2013<\/title>\n<meta name=\"description\" content=\"Citigroup (C) Settle $3.5B securities lawsuit Over MBS Sold to Freddie Mac, Fannie Mae Citigroup has settled the $3.5 billion mortgage-backed securities &#8212; June 8, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/financial-firm-roundup-citigro\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Financial Firm Roundup: Citigroup Settles $3.5B MBS Lawsuit with FHFA, JPMorgan Unit Fined $4.64M, Court Won\u2019t Dismiss USB Whistleblower\u2019s Action, &amp; Ex-Goldman Sachs Executive to Pay $100K Over Pay-To-Play Scam &#8212; Investor Lawyers Blog &#8212; June 8, 2013\" \/>\n<meta name=\"twitter:description\" content=\"Citigroup (C) Settle $3.5B securities lawsuit Over MBS Sold to Freddie Mac, Fannie Mae Citigroup has settled the $3.5 billion mortgage-backed securities &#8212; June 8, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial Firm Roundup: Citigroup Settles $3.5B MBS Lawsuit with FHFA, JPMorgan Unit Fined $4.64M, Court Won\u2019t Dismiss USB Whistleblower\u2019s Action, & Ex-Goldman Sachs Executive to Pay $100K Over Pay-To-Play Scam &#8212; Investor Lawyers Blog &#8212; June 8, 2013","description":"Citigroup (C) Settle $3.5B securities lawsuit Over MBS Sold to Freddie Mac, Fannie Mae Citigroup has settled the $3.5 billion mortgage-backed securities &#8212; June 8, 2013","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/financial-firm-roundup-citigro\/","twitter_card":"summary_large_image","twitter_title":"Financial Firm Roundup: Citigroup Settles $3.5B MBS Lawsuit with FHFA, JPMorgan Unit Fined $4.64M, Court Won\u2019t Dismiss USB Whistleblower\u2019s Action, & Ex-Goldman Sachs Executive to Pay $100K Over Pay-To-Play Scam &#8212; 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