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