Perhaps Warrent Buffett was asked and perhaps he was not, but Citigroup (C) ended the week with more money in its checking account.
According to The Wall Street Journal "Prince Alwaleed bin Talal is expected to be joined by other investors, including the China Development Bank, to invest in Citigroup."
The Chinese entity is expected to invest roughly $2 billion.
Citi probably needs more money, so this is not the end of it.
Douglas A. McIntyre
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