Better times for Citibank? by Jana Kokavcova

Abu Dhabi Investment Authority has maybe a lot of money. Why? The answer of this supposition is very simple. Abu Dhabi invests to CITIBANK. Citibank is great complex of banks in many countries. In Europe has Citibank some smaller offices too. This bank is really famous, but some critical events that were happening on the market last months are for this bank not very happy. Crisis at the market in United States are interesting and very famous in the entire world. Crisis brought big problems, bankrupts, changes in some firms … It is not a surprise. Firms would like to have their shares back but know that they need investors. Citibank should be happy and enjoy this happy time. Abu Dhabi Investment Authority said it will invest more than $7,5 billion in Citigroup Inc. It is enough or not? We don't know. But it is a good chance for this bank to get up on legs again. Is it a risk for Abu Dhabi Investment Authority? Yes, it really is. They would like to try it. What is the reason? What will happen on the market, how will it go? Nobody knows. They should only help for great happy end. I think that this situation will be better after a few months, but there is a possibility that it would not. Banks, firms and companies are in vicious circle. But maybe there is some golden middle way how to escape from problems and come back to normal financial life. Situation is hard not only for Citibank that has possibility to improve its situation.

related story: http://news.yahoo.com/s/ap/20071127/ap_on_bi_st_ma_re/wall_street;_ylt=Aq4bfwf.NIW8liN25UKc9Qms0NUE

by Jana Kokavcova for PocketNews (http://pocketnews.tv)

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