NPR logo

Citigroup Takes $1.5 Billion Charge

  • Download
  • <iframe src="https://www.npr.org/player/embed/889487/889488" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Citigroup Takes $1.5 Billion Charge

Business

Citigroup Takes $1.5 Billion Charge

Citigroup Takes $1.5 Billion Charge

  • Download
  • <iframe src="https://www.npr.org/player/embed/889487/889488" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Citing the cost of settling probes into tainted stock research, Citigroup announces a $1.5 billion charge against earnings. Last week, Citigroup agreed to pay $400 million in penalties to settle conflict-of-interest charges. NPR's Chris Arnold reports that Citigroup still faces lawsuits from individual investors.