Citigroup: Argentina and Russia will weigh on its quarterly accounts


(AOF) – The American bank Citigroup warned in a document filed with the SEC that its fourth quarter accounts will be penalized by approximately $3.8 billion in charges and provisions linked in particular to Argentina and Russia. . It also recorded a foreign exchange loss of approximately $880 million on its revenues in Argentina during the quarter, due to the recent devaluation of the Argentine peso. Citigroup will unveil its half-year accounts on Friday January 12.

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