The Magazine of Corporate Responsibility

Tag Archive for ‘Arthur Tildesley’

Citigroup Fined $1 for Every $500 in Subprime Exposure It Hid

Citigroup has agreed to pay the SEC $75 million to settle charges that the bank hid exposure to more than $40 billion in subprime CDOs. (That works out to roughly a $1 fine for every $500 worth of hidden exposure.)