Citigroup reportedly facing losses from Asian hedge fund exposure.

Global Banking News-December 19, 2018--Citigroup reportedly facing losses from Asian hedge fund exposure

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Global Banking News - 19 December 2018

Citigroup Inc (NYSE: C) is facing losses of about USD180m from its exposure to an Asian hedge fund, according to Reuters.

It is believed that the fund, which incurred losses on misplaced wagers, and the bank are in discussions regarding the positions and how they should be valued. Final losses could be smaller than expected depending on how the trades are unwound. The issue is being considered...

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