Adam Geller
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/ 23 December 2002

Wall Street says sorry, coughs up $1,44bn

It won’t be business as usual on Wall Street, officials at the biggest U.S. brokerage firms vow. Hoping to restore investors’ shattered trust, 10 firms – including Citigroup, Goldman Sachs and Credit Suisse First Boston – said on Friday they would change business practices and pay ,44 billion to settle allegations they misled investors by hyping certain stocks.