FBI monitoring Citi Mexican loan losses for possible crime: source

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The Federal Bureau of Investigation is aware of Citigroup's loan losses due to fraud by a Mexican company and is monitoring the situation for possible criminal activity, a person familiar with the matter said on Friday.

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The source said it was too early to determine whether an investigation was merited, but the FBI was continuing to look at new developments in the case before making a decision.

Citigroup said on Friday it is restating its 2013 earnings to reflect writedowns of $400 million in loans it discovered to be fraudulent.

(Reporting By Emily Flitter; Editing by David Gregorio)