Citigroup is at risk of a quarterly loss after revealing the charges

Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference on May 1, 2023 in Beverly Hills, California.

Mike Blake | Reuters

Citigroup warned investors late Wednesday fee Related to the collapse of the Argentine peso and the bank's restructuring comes more than what the company's CFO revealed a few weeks ago.

Its fourth-quarter results are scheduled to be released Friday morning, the bank said had an impact An $880 million foreign exchange loss from the peso and $780 million in restructuring charges were linked to CEO Jane Fraser's corporate simplification plan.

Leave a Reply

Your email address will not be published. Required fields are marked *