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New York Comptroller Announces $168 Million Settlement With National City Corp.

NEW YORK - (Mealey's) The comptroller of the State of New York has reached a $168 million settlement with National City Corp. and certain of its current and former officers and directors, settling claims that the financial holding giant misrepresented the "quality of its mortgages and home equity...

Citigroup Bet Against Housing Market Investors, SEC Says, Will Pay $285M To Settle Claims

WASHINGTON, D.C. - (Mealey's) Citigroup Global Markets Inc. has agreed to pay $285 million to settle claims that it misled investors about a collateralized debt obligation (CDO) "that was tied to the U.S. housing market in which Citigroup bet against investors as the housing market showed signs...