Citigroup Could Lose $7 Billion On Currency Swings, Peabody Predicts – ValueWalk Premium
Citigroup

Citigroup Could Lose $7 Billion On Currency Swings, Peabody Predicts

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 . . .

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