ABU DHABI/WAM The United Arab Emirates expresses concern regarding the statement issued by the Kingdom …
Read More »Citigroup faces $180mn loss on Asia loan
Bloomberg Citigroup Inc faces losses of as much as $180 million on loans made to an Asian hedge fund whose foreign-exchange wagers went awry, prompting board-level discussions and a business shakeup, according to a person briefed on the matter. The hedge fund, managed by a unit of GF Holdings (Hong Kong) Corp, and Citigroup are in discussions on the positions …
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