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Citigroup Inc. is reportedly setting aside hundreds of millions more in credit reserves to brace for potential loan losses amid macroeconomic uncertainty. The bank’s head of banking, Vis Raghavan, highlighted the challenges in investment banking due to market unpredictability.
- Citigroup is increasing credit reserves by hundreds of millions to mitigate potential loan losses.
- 80% of Citigroup’s corporate exposure is to high-creditworthy entities, offering some stability.
- Investment banking faces challenges due to macroeconomic uncertainty, with market clarity being a key factor.
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