DOJ reportedly set to file civil fraud charges against Citi, Merrill

|By:, SA News Editor

Reuters reports the DOJ is getting set to file civil fraud charges against Citigroup (C) and Merrill Lynch (BAC) over MBS sales made during the financial crisis. In addition, probes of RBS and Credit Suisse (CS) are said to be "progressing."

The report comes a month after JPMorgan reached a $13B settlement with the DOJ and other agencies

Previous: DOJ plans more MBS fraud cases in 2014