China and Prince Alwaleed to invest in Citigroup: reportQuicklink submitted by Sheila Samples Permalink
Become a Fan
|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.|
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.