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World Business Report

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The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

World Business Report: Citigroup pays $7bn in settlement

14/07/2014

Citigroup pays $7bn in settlement

BBC World Service - World Business Report, Citigroup pays $7bn in settlement

Citigroup has settled a sub-prime mortgage investigation. How will other banks respond?

Citigroup has settled an investigation into risky sub-prime mortgages. We consider the implications for other banks.

We're at Farnborough Air Show, asking why Lockheed Martin's F35 fighter plane has not turned up at the show as had been expected.

Also in the programme, as Samsung suspends work with a supplier in China that was found to be employing children, we ask how much control major multinationals should have over the working conditions at their supplier's factories.

Plus, Lucy Kellaway of the Financial Times asks whether customer service people are becoming a bit too friendly.

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