According to a Reuters report that references sources ‘familiar with the matter’, Citigroup (C) is close to buying itself out of trouble by paying the US Department of Justice about $7 billion to settle allegations the bank sold shoddy mortgages in the run-up to the financial crisis. An announcement of the settlement between the bank […] View the full post at: Citi (C) Near Multi-Billion Dollar Deal to Resolve Mortgage Probe : Report Related posts: Citi Offers to Buy Back $1.1 Billion in Notes Wells Fargo, Wachovia Deal Temporarily Suspended by Judge’s Order Goldman Plans to Initiate Settlement Talks with the SEC: Report