Citigroup Said to Face $180M Loss on Loan to Asia Fund

What immediate action did Citigroup take in response to the potential loss in its FX prime brokerage unit?

• They changed the head of the FX prime brokerage and restructured it.

• They closed the FX prime brokerage unit.

• They increased investments in the FX prime brokerage unit.

• They merged the FX prime brokerage with another bank.

Why did Citigroup move the FX prime brokerage under the equity prime brokerage?

• The equity prime brokerage was more profitable.

• The FX prime brokerage was being shut down.

• The FX prime brokerage was underperforming.

• The equity prime brokerage had more experience with similar loans.

What was Citigroup's previous financial target that was affected by Fick trading?

• Full year efficiency ratio target

• Full year profit margin target

• Annual growth rate target

• Quarterly revenue target

What could be the potential impact of the loss on Citigroup's Fick trading unit?

• It could result in a charge that drags down performance.

• It could lead to increased profits.

• It could lead to a merger with another unit.

• It could have no impact at all.

What has been observed in the past regarding provisions for similar loans?

• They always result in large losses.

• They are usually written off completely.

• They lead to immediate recovery of losses.

• They often end up being smaller than initially feared.