Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Citi Reorganizes Prime Brokerage Unit | News | 1450 99.7 Whtc

Citi Reorganizes Prime Brokerage Unit | News | 1450 99.7 Whtc

by whtc.com posted 2months ago 9 views
(Reuters) - Citigroup Inc is shuffling its prime brokerage business, according to an internal memo seen by Reuters, amid reports that the unit could lose millions on a bad loan to an Asian hedge fund. Bloomberg earlier reported that Citi faces a loss of up to $180 million related to risky foreign-exchange bets. Citi and the hedge fund are in talks on how the positions should be valued, the report said.

In this article

No tags related to this article.