09.12.2009 - US plays it safe, holds on to Citigroup stake
From Businessday.co.za: The Kuwait Investment Authority, the Gulf nationís sovereign wealth fund, said this week it had sold its stake in Citigroup for 4,1 bn, earning a 1,1bn profit. Citigroup shares fell to 4 in European trading yesterday, down 1,5% from their 4,06 close in New York trading on Friday. The shares have tumbled 47 % this year, paring Citigroupís market value to about 92bn ...................................Full Article: Source
Print