25.06.2009 - BNP Paribas and Citigroup face Saudi shocks
From Gulfnews.com: BNP Paribas and Citigroup provided about $500 million each in syndicated loans to companies owned by Saudi billionaire Maan Al Sanea and the Algosaibi family, making them the most at risk to the country's largest debt restructuring. BNP, France's largest bank, loaned about $475 million to Saad Group and $47.5 million to A.H. Algosaibi, whose Bahraini bank unit is in default. Citigroup in New York loaned $500 million to Saad.......Full Article: Source
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