Citigroup, Goldman, UBS in $235 million mortgage settlement


Citigroup Inc. (C), The Goldman Sachs Group, Inc. (GS) and UBS AG (UBS) have agreed to pay $235 million to settle claims that they misled investors and neglected to disclose the risks associated with residential mortgage-backed securities (RMBS) issued by former Residential Capital LLC (ResCap) prior to the financial crises.

This preliminary settlement is subject to court approval.

More here: