Abu Dhabi Fund Seeks to Have Citi Deal Scrapped (New York Times)
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Abu Dhabi fund seeks Citi deal scrapped or £2.5 bln (Interactive Investor)
By Paritosh Bansal and Gina Keating
Abu Dhabi fund seeks Citi deal scrapped or £2.5 bln (Reuters via Yahoo! UK & Ireland News)
Citigroup Inc said on Tuesday the Abu Dhabi Investment Authority filed an arbitration claim against it, accusing the U.S. lender of misrepresentation over a $7.5 billion (4.6 billion pound) investment by the sovereign wealth fund.
Kuwait sells Citi stake, makes $1.1 billion profit (Reuters via Yahoo! News)
By Yahoo! News Search Results for consumer+credit, December 7, 2009 4:29 am
Kuwait's sovereign wealth fund said on Sunday it had sold its stake in Citigroup Inc for a profit of $1.1 billion, becoming the latest Gulf investor to sell foreign shares as markets improve.
Shiny Returns, Shaky Foundations (Forbes)
By Yahoo! News Search Results for consumer+credit, October 15, 2009 2:54 pm
Citi gooses results by skimping on loss reserves; stellar bond-trading profits won't last for Goldman.