Citigroup settles Enron claim with $2bn
World's largest bank closes Enron chapter
Citigroup, the world’s largest banking group, has agreed to pay $2bn to investors who lost out as a result of Enron’s collapse.
The bank released a statement today saying it was settling a class action laid against it by investors in the energy giant.
Investors had accused Citigroup of helping Enron to engineer accounting frauds at the group.