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Citigroup reportedly close to deal with Justice Dept.

Updated: Thursday, July 10, 2014 | Kyle Sparks
Citigroup reportedly close to deal with Justice Dept. story image

(NEWSCHANNEL 3) - If you borrowed from CitiGroup, you may soon be entitled to some money.

The bank is reportedly close to a deal with the U.S. Justice Department.

The Wall Street Journal is reporting the bank could pay nearly $7 billion to settle allegations it sold bad mortgages in the run-up to the financial crisis.

The agreement would prevent a federal lawsuit.

Reports say it would also include a payout of millions to borrowers.

U.S. | World News

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