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Uncle Sam wants more from Citigroup than the bank is willing to pay to settle claims over its mortgage-related activities leading into the 2008 financial crisis, and the showdown could soon land in a courtroom. The gulf between the parties is wide, with reports pegging Citi’s best offer at less than $4 billion and government negotiators seeking $10 billion in what would mark another 11-figure punishment for a big U.S. bank.

“Justice Department Ready To Sue Citi After Mortgage Settlement Talks Stall” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

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