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October 7, 2008 1:14:05 AM CDT


Stories related to: China Development Bank

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2 Stories

  • January 2008
    • China May Scuttle $2B Citigroup Bailout

      China May Scuttle $2B Citigroup Bailout

      (Newser) - On the eve of Citigroup’s fourth-quarter earnings announcement, the Chinese government appears to have raised objections to China Development Bank's purchase of a $2 billion stake in the struggling financial giant, reports the Wall Street Journal . The proposed deal, reported by the Journal over the weekend, is part of an $8-billion to $10-billion infusion Citi has been trying to put together from a number of foreign investors. More »

      Tags

      China   subprime mortgages   Citigroup   China Development Bank

    • Saudi Prince, Chinese Bank to Back Citigroup

      Saudi Prince, Chinese Bank to Back Citigroup

      (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 yet to be determined, but would need to be below 5% of Citigroup's $140 billion value to avoid regulatory issues. More »

      Tags

      Citigroup   Abu Dhabi Investment Authority   China Development Bank

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