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Empresas y finanzas

Citigroup places moratorium on some foreclosures


    NEW YORK (Reuters) - Citigroup Inc said it had placed an up to four-week moratorium on foreclosing on some mortgages.

    The moratorium, which started on February 12, will last until either President Barack Obama has finalized the details of a program for modifying mortgages, or until March 12, whichever comes first.

    The statement follows a commitment from chief executives of the biggest U.S. banks on Wednesday to temporarily halt foreclosures.

    CITIGROUP (C.NY)said its moratorium applied to mortgages that the bank owns and were linked to homes that are the borrower's main residence.

    (Reporting by Dan Wilchins; Editing by Lisa Von Ahn)