Citigroup Gets Bailout from Abu Dhabi Fund 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.
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Citigroup Gets Bailout from Abu Dhabi Fund

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Citigroup Gets Bailout from Abu Dhabi Fund

Citigroup Gets Bailout from Abu Dhabi Fund

Citigroup Gets Bailout from Abu Dhabi Fund

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  • <iframe src="https://www.npr.org/player/embed/16650405/16650382" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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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. Oil-rich countries in the Middle East have been on a shopping spree recently. Earlier this week a private equity company owned by Dubai's ruler bought a stake in the electronics company Sony.