NEW YORK (Reuters) – Citigroup has announced a combined $2.1 billion in charges and reserve builds for the fourth quarter, according to a filing on Wednesday.
The bank said it will book a $1.3 billion reserve build for currency exposures outside the U.S., especially in Argentina and Russia.
The bank will also book $780 million in restructuring charges that include severance and other related charges, according to the filing.
(Reporting by Tatiana Bautzer; Editing by Chris Reese)
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