Citigroup Asia Raised $50 Billion for Clients in First Quarter
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Citigroup Inc.’s Asian operations raised more than $50 billion for clients from capital markets last quarter, according to a memo obtained by Bloomberg News.
Citigroup sold bonds for clients including Bharti Airtel Ltd., Noble Group Ltd. and Reliance Industries Ltd., helping the region contribute the most to the bank’s profit outside of North America, the memo showed. James Griffiths, a spokesman in Hong Kong for Citigroup, confirmed the contents of the document.