Morning Scan: Citigroup to Pay $7B Fine for Allegedly Selling '...

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Earnings: JPMorgan Chase, Comerica, Commerce Bancshares Receiving Wide Coverage ...

Citigroup Settlement, Day 2: Citigroup has agreed to pay $7 billion to settle Justice Department charges it sold mortgage-backed securities stuffed with subprime mortgages to unsuspecting investors in the years leading up to the 2008 financial crisis. About $4 billion of the penalty will go into the U.S. Treasury's general fund. The rest will be divided among other federal agencies, with about $2.5...