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Citigroup to pay $7 billion to settle U.S. mortgage probe

People walk by a Citibank in New York City on July 14, 2014. Citigroup Inc has agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis, in a deal that includes the largest civil fraud penalty ever levied by the U.S. Justice Department. UPI/John Angelillo

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