COMPANIES Just when a couple of good quarters had Citigroup investors thinking that the bank’s crisis-time woes were behind it, the Securities and Exchange Commission reminded them of the trails of problems left over from the financial crisis.
Citi’s $75m settlement over allegations that it misled investors about its exposure to subprime securities is the latest sign that regulators are continuing to ratchet up the pressure on investment banks for their role in the economic crisis.
