{"id":552244,"date":"2023-02-03T09:32:40","date_gmt":"2023-02-03T04:02:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552244"},"modified":"2023-02-03T10:20:27","modified_gmt":"2023-02-03T04:50:27","slug":"citigroup-incs-wealth-unit-halts-margin-loans-on-adani-securities","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/citigroup-incs-wealth-unit-halts-margin-loans-on-adani-securities\/","title":{"rendered":"Citigroup Inc&#8217;s wealth unit halts margin loans on Adani securities"},"content":{"rendered":"<p>Citigroup Inc.\u2019s wealth arm has stopped accepting securities of Gautam Adani\u2019s group of firms as collateral for margin loans as banks ramp up scrutiny of the Indian tycoon\u2019s finances following allegations of fraud by short seller Hindenburg Research.<\/p>\n<p>The US lender\u2019s move to restrict lending comes after a similar change at Credit Suisse Group AG, as Adani\u2019s beleaguered empire becomes further engulfed in crisis.<\/p>\n<p>\u201cIn recent days, we have seen a dramatic price drop of Adani issued securities,\u201d Citigroup said in an internal memo seen by Bloomberg News. \u201cStock and bond prices have plummeted following the negative news around the group\u2019s financial health.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citigroup Inc.\u2019s wealth arm has stopped accepting securities of Gautam Adani\u2019s group of firms as collateral for margin loans as banks ramp up scrutiny of the Indian tycoon\u2019s finances following allegations of fraud by short seller Hindenburg Research. The US lender\u2019s move to restrict lending comes after a similar change at Credit Suisse Group AG, as Adani\u2019s beleaguered empire becomes further engulfed in crisis. \u201cIn recent days, we have seen a dramatic price drop of Adani issued securities,\u201d Citigroup said in an internal memo seen by Bloomberg News. \u201cStock and bond prices have plummeted following the negative news around the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-552244","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=552244"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552244\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}