Citigroup recently agreed to pay more than $19 million in fines to the Federal Reserve and the Securities and Exchange Commission (SEC) for mortgage-related issues and unauthorized trading.
The Fed fined the bank $8.6 million, citing improper handling of residential mortgage-related documents, while the SEC levied $10.5 million in fines against the company over allegations that employees engaged in unauthorized proprietary trading, and for failing to detect fraudulent loans issued by one of its subsidiaries.
Read on to find out more about the settlements.