Saturday, January 12, 2008

Alwaleed bin Talal - Citigroup

Saudi Prince Alwaleed bin Talal, the Citigroup shareholder who came to the bank's rescue during the credit crisis of the early 1990s, might do so again now, the Wall Street Journal reported on its website last night, citing people familiar with the matter.

The billionaire from Saudi Arabia, along with China Development Bank, is expected to invest about $2bn (£1bn) in Citigroup, one person said, according to the Journal.

No comments: