Friday, November 21, 2008

Saudi Prince Comes To Rescue Of Citigroup

The billionaire Saudi prince, who invested in Citicorp in 1991 when it was in financial straits, said he would raise his stake from 4 per cent to 5 per cent. At Citi’s current market value of just over $25bn, the new investment would cost about $350m.

read more | digg story

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