Credit News Series #4 – Citi Sued Over 2008 Manipulations, $100million

Citi Sued Over 2008 Manipulations, $100million

 

Citibank agreed to pay $100 million for their actions in 2008 to manipulate interest rates. Many state’s Attorneys General sued.

Like the Wells Fargo suits little or none of the money will actually go to the people hurt by the banks’ actions. Money is mostly going to states and cities.

All we can say is “wow”.

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