May 25, 2012 at 14:24 PM EDT
Citi May Have Lost $20M To Facebook IPO Glitches
Nasdaq‘s (NDAQ) glitchy Facebook (FB) IPO may have cost the market-making arm of Citigroup (C) as much as $20 million, according to sources familiar with the situation. As the Wall Street Journal is reporting, the Citigroup exposure lifts the financial hit from Facebook among brokers toward $100 million, as Citadel LLC, Knight Capital Group (KCG) [...]
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