February 16th, 2012 
admin 
The U.S. bank Citigroup will pay $ 158.3 million to the U.S. government to end the prosecution of charges of false statements about the quality of loans in order to obtain government guarantees.
According to the text of the agreement out of court, but on Wednesday recorded Tuesday, the complainant, namely the United States of America, will receive $ 158.3 million from Citigroup and its subsidiaries Citibank and CitiMortgage.
The U.S. government complained that he had to provide mortgages issued by the accused on the basis of false declarations of the accused stating that (quality of) loans was consistent with U.S. regulations.
The rating agency Moody’s said Thursday it planned to lower short-term notes of 114 European banks, including those of industry giants, because of the crisis in the Euro area and the decrease in note of several states of the Old Continent.
Societe Generale announced a 2011 net profit of 2.38 billion euros, down 39% compared to 2010, mainly due to losses recorded in bank financing and investment. The bank remains cautious for 2012. She expects a very volatile environment.