Citigroup, Ally Sued for Falsely Foreclosing on Homes

Oct. 5 (Bloomberg) -- Citigroup Inc. and Ally Financial Inc. units were sued by homeowners in Kentucky for allegedly conspiring with Mortgage Electronic Registration Systems Inc. to falsely foreclose on loans. The lawsuit, filed as a civil racketeering class action, claims that through MERS the banks are foreclosing on homes even when they don't hold titles to the properties. Bloomberg's Monica Bertran reports. (Source: Bloomberg)

Gold May Reach $1,500 by Year End

Citigroup's Heap Says Gold May Reach $1,500 by Year End

Alan Heap, a commodity analyst at Citigroup Inc., talks with Bloomberg's Susan Li about his forecast for gold prices. Heap, speaking from Sydney, also discusses how Australia's proposed mining-profit tax might affect iron-ore and coking coal prices. (Source: Bloomberg)