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KIEV, Ukraine (AP) — Fighting intensified Monday around the eastern Ukrainian city of Luhansk as government forces stepped up efforts to disrupt rebel lines and reclaim more territory from the faltering insurgency. One resident said panic was gripping the city.
(Reuters) - Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said on Monday it would pay $4.5 billion in cash and provide $2.5 billion in consumer relief. Citigroup's shares were up 1.4 percent at $47.65 before the bell. Citigroup is the second major bank to settle with authorities since President Barack Obama ordered the formation of a task force to investigate the sale and packaging of toxic home loans.