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Citigroup agrees to settlement in mortgage crisis role
Citigroup has agreed to a seven billion dollar settlement for its role in the mortgage crisis.
Four billion of that will be paid as penalties to the U S Justice Department.
Two-and-a -half billion will give relief to homeowners.
And the other half-billion will be divided between state Attorneys General and the FDIC.
Citigroup's CEO says the settlement will allow the company to move forward and focus on the future.