CHINA TOPIX

Citigroup to Provide US$180 Million Affordable Rental Housing Financing as Part of US$7 Billion Settlement

Marcel Woo   |

Jul 15, 2014 02:33 AM EDT

The US Attorney General announced that Citigroup has agreed to pay USD7 billion to settle a federal inquiry for its role in the sale of risky mortgage-based securities that led to the financial crisis and vowed to provide financing of up to US$180 million to build affordable rental housing.