BarCap, Citi and RBS fingered over M&B hedge

Barclays, Citigroup and Royal Bank of Scotland have emerged at the centre of a failed property deal by Mitchells & Butlers, which lost the UK leisure company nearly £300m (€404m) on hedges related to the transaction.

Sources close to Mitchells & Butlers said Barclays Capital, Citigroup and RBS pulled out of a multi-billion debt financing in July last year.

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