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China and Prince Alwaleed to invest in Citigroup: report

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At www.reuters.com

Saudi Arabian Prince Alwaleed bin Talal, Citigroup's largest shareholder, will inject new cash as the largest US bank grapples with heavy mortgage market losses. In addition, the China Development Bank is expected to invest $2 billion in Citigroup, and other investors could inject additional capital. Altogether, the bank is hoping to raise $8 billion to $10 billion from a number of investors.

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At www.reuters.com


 

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