Citigroup Reports $22 Billion of Private-Credit Exposure
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Citigroup Inc. said its exposure to private-credit firms was $22 billion in the first quarter with zero losses, offering a look at what has become a closely watched development by investors.The loans are part of the bank’s portfolio of lending to financial firms other than banks, which totaled $118 billion as of March 31, Citigroup said Tuesday in a statement.