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citigroup [65] |||Japanese stocks rose Tuesday in volatile trading, lifted by news of the Abu Dhab

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Abu Dhabi's sovereign fund to invest $7.5 billion for stake in Citigroup

Tue, 27 Nov 2007 01:06:00 -0500 | CANOE Money

NEW YORK - Citigroup said late Monday that the Abu Dhabi Investment Authority will invest $7.5 billion in the nation's largest bank, offering needed capital to offset big losses from mortgages and other investments.


Japan stocks advance on Citigroup capital injection news

Tue, 27 Nov 2007 04:17:00 -0500 | CANOE Money

TOKYO - Japanese stocks rose Tuesday in volatile trading, lifted by news of the Abu Dhabi Investment Authority's capital infusion into Citigroup, easing some concerns about the U.S. credit crunch.


Citigroup move boosts dollar (FT.com)

Tue, 27 Nov 2007 11:20:21 Etc/GMT | Yahoo! Finance

The dollar rallied on Tuesday after Citigroup , the largest US bank, announced that it was selling a stake to the Abu Dhabi government.


Ahead of the Bell: Citigroup (AP)

Tue, 27 Nov 2007 13:36:26 Etc/GMT | Yahoo! Finance

Citigroup Inc. is getting a much-needed $7.5 billion cash infusion, but analysts say the bank still faces major challenges as it writes down bad mortgage debt.


Subprime Today: Citigroup gets $7.5 billion infusion from Abu Dhabi (at MarketWatch)

Tue, 27 Nov 2007 13:25:00 Etc/GMT | Yahoo! Finance

Citigroup Inc. said it's received a $7.5 billion injection from the Abu Dhabi Investment Authority, a much-needed shot in the arm as the banking giant weighs massive job cuts and slashing the value of debt securities on its balance sheet.


Citigroup Gets Bailout from Abu Dhabi Fund

Tue, 27 Nov 2007 08:55:00 EST | NPR News Headlines

Citigroup announces a $7.5 billion investment from the Abu Dhabi Investment Authority. Earlier this month Citigroup CEO Charles Prince resigned after announcing the bank faced up to $11 billion in losses. The Abu Dhabi Investment Authority is now the single largest shareholder in Citigroup.


Citigroup sells stake to Abu Dhabi fund

Tue, 27 Nov 2007 15:57:32 GMT | MSNBC.com: U.S. Business

Pedestrians pass a Citibank branch office in this Monday, Nov. 5, 2007 file photo, in Chicago. Citigroup Inc. said late Monday, Nov. 26, 2007 that it has reached an agreement to sell equity units with mandatory conversion into common shares to the Abu Dhabi Investment Authority in the amount of $7.5 billion. The Abu Dhabi Investment Authority will invest $7.5 billion in Citigroup, offering the nation's largest bank needed capital to offset big losses from mortgages and other investments.



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