Does $62M Cover Facebook's Flawed IPO?

Does $62M Cover Facebook's Flawed IPO? Play

Aug. 23 (Bloomberg) -- Bloomberg's Erik Schatzker reports that Citigroup Inc., whose market-making unit suffered millions of dollars of losses trading Facebook Inc. in its public debut, urged U.S. regulators to reject Nasdaq OMX Group Inc.’s proposal to make up for its errors. He speaks on Bloomberg Television's "Market Makers."

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