Citigroup Is Said to Face $180M Loss

The transcript discusses a significant loan loss by Citigroup in Hong Kong, highlighting concerns about risk control and the broader impact on banks and hedge funds. It examines Citigroup's prime brokerage unit, its revenue swings, and potential loss mitigation strategies. The discussion also covers the reorganization of Citigroup's FX prime brokerage and its future strategy, alongside the broader trend of banks expanding their presence in Asia, particularly China.

What does the term 'yellow flag' signify in the context of Citigroup's financial situation?

In what ways are big banks trying to increase their presence in Asia, according to the text?