Judge Rejects Citigroup, SEC Settlement

by Jim Zarroli, NPR

A federal judge has nixed a $285 million settlement between Citigroup and the Securities and Exchange Commission. He said the deal was "neither fair, nor adequate nor in the public interest." The settlement dealt with Citigroup's handling of subprime mortgage debt prior to the financial crisis.

Broadcast Dates

• Morning Edition, November 29, 2011