Citigroup Could Lose $7 Billion On Currency Swings, Peabody PredictsMani
Citigroup Inc (NYSE:C) could lose $5 billion to $7 billion in regulatory capital, if the dollar strengthens against major currencies, including in emerging markets, Charles Peabody predicts.
Charles Peabody's Feelings For Citigroup
Charles Peabody, who leads research at Portales Partners LLC, feels Citigroup Inc (NYSE:C)’s over 50 percent reliance on revenues from abroad would result in its worst translation loss in five years, exceeding the $3.5 billion deficit posted . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.