The fallout from the Facebook IPO fiasco continues…CNBC’s Kate Kelly reports that Citigroup’s market-making arm lost $20 million on the social network’s IPO trades.
That brings the total reported loss estimates from Facebook IPO trades by different firms to $91 million, according to Kelly.
Chicago-based Citadel’s retail facing arm — placing trades for retail clients — lost $30 to 35 million, according to CNBC’s Kayla Tausche.
Knight Capital revealed in an SEC filing Wednesday that it too lost $30 to 35 million on Facebook IPO trades. Knight’s CEO Thomas Joyce blasted the NASDAQ earlier this week on CNBC over how the exchange handled the IPO
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