Saturday, January 12, 2008

History repeats itself

Saudi prince ready to invest $2bn in Citigroup

"In the 1990s, the Prince made an initial investment of $550m to bail out Citi-bank, which had hit trouble due to underperforming American real estate loans. His holdings in Citigroup now comprises half of his wealth, (which is worth about $10bn)".

Posted by alan @ 04:22 PM (499 views)
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One thought on “History repeats itself

  • This prince dude knows how to drive a hard bargain.On telly I saw him negotiate down the price of another private jet (even though his net worth could afford 5000 of them).

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