Citigroup Defends $16M VTB Russian Securities Sale Losses
By William Janes ( July 28, 2025, 4:09 PM BST) -- Citigroup has denied claims that it caused a VTB Bank subsidiary to lose almost $16 million by taking an irrational approach to liquidating securities after the Russian lender defaulted on a demand for collateral amid market volatility following Vladimir Putin's invasion of Ukraine....
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