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Thursday, March 05, 2015

Citigroup Loses $800 Million as It Exits Turkey’s Akbank - Bloomberg Business

Citigroup Loses $800 Million as It Exits Turkey’s Akbank

(Bloomberg) -- Citigroup Inc. is ending its investment in Akbank TAS, Turkey’s second-largest bank by market value, at a loss of $800 million on the value of its 2007 purchase.

More:Citigroup Loses $800 Million as It Exits Turkey’s Akbank - Bloomberg Business