(Reuters) - Citigroup Inc (C.N) has reached a settlement with a federal agency that had accused the bank of misleading Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) into buying $3.5 billion of mortgage-backed securities.
The settlement with the Federal Housing Finance Agency was disclosed in a filing on Tuesday in U.S. District Court in Manhattan, where a series of related cases by the agency against Wall Street banks are pending. |