Citigroup (C) To Raise Money: Another Version From The Press

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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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