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Daily Briefing: Funding Citi

Started by Joelle, March 04, 2008, 02:19:17 PM

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Joelle

Daily Briefing: Funding Citi
      


Will Citi try to tap the Persian gulf again? Dubai International Capital, with about $13 billion of assets, thinks Citi will need “a lot more money” after taking an $18.1 billion charge in the fourth quarter. Abu Dhabi Investment Authority, a sovereign wealth fund owned by the world’s fifth-largest oil exporter, last year bought 4.9 [...]
         

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