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Kuwait's sovereign wealth fund said Sunday it booked a profit of $1.1 billion by selling the stake it took in Citigroup Inc. less than two years ago when the banking giant was strapped for cash.
Kuwait's sovereign wealth fund said Sunday it booked a profit of $1.1 billion by selling the stake it took in Citigroup Inc. less than two years ago when the banking giant was strapped for cash.
Dec. 6 (Bloomberg) -- Kuwait Investment Authority, the nation’s sovereign-wealth fund, sold its stake in Citigroup Inc . for $4.1 billion after helping the U.S. bank boost capital amid the worst financial crisis since the Great Depression.
Kuwait's sovereign wealth fund said Sunday it booked a profit of $1.1 billion by selling the stake it took in Citigroup Inc. less than two years ago when the banking giant was strapped for cash.
DUBAI, United Arab Emirates — Kuwait's sovereign wealth fund said Sunday it booked a profit of $1.1 billion by selling the stake it took in Citigroup Inc. less than two years ago when the banking giant was strapped for cash.
Kuwait's sovereign wealth fund said Sunday it booked a profit of $1.1 billion by selling the stake it took in Citigroup Inc. less than two years ago when the banking giant was strapped for cash.
(AP:DUBAI, United Arab Emirates) Kuwait's sovereign wealth fund says it has completed the sale of its $3 billion stake in U.S. banking giant Citigroup for $4.1 billion.
Kuwait's sovereign wealth fund sells Citigroup stake, banks $1.1 billion in profit
Dec. 5 (Bloomberg) -- Treasury Secretary Timothy Geithner disputed claims by Goldman Sachs Group Inc . executives that the bank could have survived the financial crisis without government help and said it and other Wall Street firms should show some restraint in handing out bonuses this year.
Dec. 5 (Bloomberg) -- Treasury Secretary Timothy Geithner disputed claims by Goldman Sachs Group Inc . executives that the bank could have survived the financial crisis without government help and said it and other Wall Street firms should show some restraint in handing out bonuses this year.
Dec. 5 (Bloomberg) -- Treasury Secretary Timothy Geithner disputed claims by Goldman Sachs Group Inc . executives that the bank could have survived the financial crisis without government help and said it and other Wall Street firms should show some restraint in handing out bonuses this year.
Citigroup is the last of the Wall Street giants to remain tethered to government support, putting the struggling bank at a further disadvantage.
Analysts say Next jump, which uses vast amounts of data to draw inferences about what people will buy, could emerge as a counterweight to Amazon.
Dec. 5 (Bloomberg) -- Some of the economists who anticipated the U.S. job market would see marked improvement in November now project job gains are around the corner, and possibly in the rearview mirror.
The Japanese government is expected to guarantee about 700 billion yen (7.73 billion dollars) in loans and other funds provided by financial institutions to help ailing Japan Airlines, a report said Sunday.
The Treasury’s mortgage-modification program relies on interest-rate reductions rather than principal cuts, which could cause a problem.
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