Macquarie Group Ltd told that they have faced millions of losses in Currency derivatives trades.
Italian builder Cimolai SpA also traded with them and faced loss along with them
Both the firm started trading in Forex in 2017 in mutual relation
Bank claims that Cimolai company failed to pay the termination amount to Macquarie.
Bloomberg report, Cimolai has to pay almost 34 million dollars to different brokers
The agreement between these two companies is of limited upside and unlimited downside so that loss will be magnified
Visit our website