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Sovereign Wealth Funds Briefing - Categorized | Market, Research

Kuwait deals blow to Citi

Posted on 11 December 2009

From FT Alphaville: The Kuwait Investment Authority has held internal discussions about scaling back its banking relationship with Citigroup in a move that could include transferring funds currently deposited with the US bank.
A withdrawal of KIA funds from Citi would hit the bank as it seeks to repay US bail-out funds. KIA’s deliberations have taken place in recent months while it has been selling Citi shares acquired in January 2008……………………………..Full Article: Source

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