Citi to pay $7 billion to settle U.S. mortgage securities probe

- Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department.

Recent Top News

Iraqi slaughter swells crowded Shi'ite cemetery

NAJAF Iraq - Responding to an appeal from Shi'ite clerics, Salah al-Wa'ili signed up earlier this month with a militia near Baghdad fighting the Islamist insurgents who have swept through northern Iraq and threatened the capital.

World, United Nations, Iraq 6:48am EDT

U.S., Iran say disputes remain in nuclear talks as deadline looms

VIENNA - U.S. Secretary of State John Kerry said on Sunday major differences persist between Iran and six world powers negotiating on Tehran's nuclear program, with a week to go before a deadline for a deal.

6:21am EDT

China charges GSK-linked investigators for illegally obtaining private information

SHANGHAI - Prosecutors in China have filed charges against British investigator Peter Humphrey and his American wife, the official Xinhua news agency said on Monday, after the couple were detained last year following work they did for British drugmaker GlaxoSmithKline Plc .

Russia warns Ukraine after shell crosses border

DONETSK Ukraine/MOSCOW - Russia threatened Ukraine on Sunday with "irreversible consequences" after a Russian man was killed by a shell fired across the border, while Kiev said Ukrainian warplanes struck again at separatist positions in the east of the country, inflicting big losses. | Video

13 Jul 2014

Former POW Bergdahl set to return to U.S. Army active duty: reports

WASHINGTON - U.S. Army Sergeant Bowe Bergdahl was set to return to regular active duty status as early as Monday, having completed therapy and counseling following his return from captivity in Afghanistan, according to reports.


China begins criminal probe into three former top officials

BEIJING - Chinese authorities have begun criminal investigations into three former high-ranking officials over corruption allegations, state media said on Monday, two of whom were allies of powerful, retired domestic security chief Zhou Yongkang.