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Home / Business / Citigroup's wealth arm stops margin loans on Adani securities: Bloomberg News

Citigroup's wealth arm stops margin loans on Adani securities: Bloomberg News

February 1 Citigroup Inc’s wealth arm has stopped accepting securities of billionaire Gautam Adani’s group of firms as collateral for margin loans following short seller Hindenburg Research’s report, Bloomberg News reported late Wednesday. Citigroup declined to comment on the report....
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Tribune Web Desk
Updated At : 02:50 PM Feb 02, 2023 IST
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February 1

Citigroup Inc’s wealth arm has stopped accepting securities of billionaire Gautam Adani’s group of firms as collateral for margin loans following short seller Hindenburg Research’s report, Bloomberg News reported late Wednesday.

Citigroup declined to comment on the report. Reuters

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