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Saudi Prince, Chinese Bank to Back Citigroup

Foundering US giant will get billions from foreign investors

By Will McCahill, Newser Staff

Posted Jan 11, 2008 6:02 PM CST

(Newser) – A Saudi prince and one of China's government banks are expected to invest billions in Citigroup, the Wall Street Journal reports today. The China Development Bank is expected to pump in $2 billion, sources said; the amount billionaire Prince Alwaleed bin Talal would front is... Read full story »

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Saudi Prince, Chinese Bank to Back Citigroup

Foundering US giant will get billions from foreign investors

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Citigroup • Abu Dhabi Investment Authority • Prince Alwaleed bin Talal • China Development Bank

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Spending Spree Puts Abu Dhabi Under Spotlight

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