Citi is also reorganising its prime brokerage business, taking the foreign exchange prime brokerage unit out of its currency trading division and placing it under the oversight of its prime finance and securities services unit, according to a memo. Photo: Reuters

Citigroup faces US$180 million loss on loan to Asian hedge fund

  • Eventual losses may be smaller depending on how trades are unwound, say sources
Topic |   Banking & Finance

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Citi is also reorganising its prime brokerage business, taking the foreign exchange prime brokerage unit out of its currency trading division and placing it under the oversight of its prime finance and securities services unit, according to a memo. Photo: Reuters
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