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.

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