Citigroup to Pay $180 Million Over Collapsed Hedge Funds Dealbook – NY Times Citigroup has agreed to pay $180 million to settle charges by the Securities and Exchange Commission that the bank concealed problems at two of its now-defunct hedge funds, while taking in additional investments in the months before the financial crisis. Citigroup's settlement with the Securities and Exchange Commission, announced on Monday, comes more than seven years after the two hedge funds collapsed, saddling investors with billions of dollars in losses. jlne.ws/1JduupP