Banking, finance, and taxes
Citigroup (C) To Raise Money: Another Version From The Press
Published:
The Wall Street Journal writes that Prince Alwaleed bin Talal and the China Development Bank as putting money into Citigroup (C), The CDB will probably contribution $2 billion.
Over at the FT, the story is very different. China would put in money along withthe Kuwait Investment Authority. To get to a total of $9 billion, "$2bn to $4bn would be raised through a public placement of shares."
Perhaps the two papers should compare notes.
Douglas A. McIntyre
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