BUENOS AIRES - Citicorp, which likes to pride itself on its expertise in emerging markets, has run into some trouble in its Latin American loan portfolio.

Citicorp lost more than $40 million in loans to failed Argentine banks, sources report, including more than $30 million to Banco Extrader of Buenos Aires. As a result, three senior credit officers of Citicorp Argentina were forced to leave the bank, the sources said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.