Article: Israel: Israeli banks exposure to Citigroup: $500-600m.

Byline: sander03

The aggregate exposure of Israels banks to Citigroup Inc. is $500-600 million, after the banks drastically reduced their exposure in recent weeks. In addition, Israeli Exchange Traded Funds (ETFs) have an aggregate exposure of around $600 million to Citigroup.

Citigroups share fell 50% last week, including 20% on Friday to just $3.77, giving a market cap of $20 billion. The share has lost nearly 90% from its 52-week high of $35.30.

Past notices to the Tel Aviv Stock Exchange ...

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