{"id":50391,"date":"2015-10-26T08:45:31","date_gmt":"2015-10-26T12:45:31","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=50391"},"modified":"2015-10-26T08:50:20","modified_gmt":"2015-10-26T12:50:20","slug":"citi-found-itself-briefly-exposed-to-400-million-hit-through-small-london-hedge-funds-trades","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2015\/citi-found-itself-briefly-exposed-to-400-million-hit-through-small-london-hedge-funds-trades.html","title":{"rendered":"Citi Found Itself Briefly Exposed to $400 Million Hit Through Small London Hedge Fund\u2019s Trades"},"content":{"rendered":"<p>(Wall Street Journal) A small London hedge-fund firm and a lapse in bank-risk controls caused a panic inside Citigroup Inc. in July, after its executives discovered a series of trades they estimated could cost the bank as much as $400 million, people familiar with internal discussions at the time said.The concerns made a brief appearance in the bank\u2019s second-quarter earnings released July 16 in which Citigroup said it had reserved $175 million stemming&#8230; <\/p>\n<p><a href=\"http:\/\/www.wsj.com\/articles\/hedge-fund-flap-reverberates-at-citi-1445782292\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Wall Street Journal) A small London hedge-fund firm and a lapse in bank-risk controls caused a panic inside Citigroup Inc. in July, after its executives discovered a series of trades they estimated could cost the bank as much as $400 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50391","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=50391"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50391\/revisions"}],"predecessor-version":[{"id":50394,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50391\/revisions\/50394"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=50391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=50391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=50391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}