Die silly ABtjes, viel me vanmorgen al op. Webmaster of mss wel een stagiaire de tel kwijt.
Maar goed, iets niet onaardigs (gister hoger slot, vandaag ook)
Citigroup Inc backed by big name investors
Written by Sam Coventry
Wednesday, 17 February 2010 10:09
Investment and economic news today, featuring: Citigroup Inc, Vodafone Group, Google Inc, European Union and Greece.
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Citigroup Inc (NYSE:C) - the troubled US banking giant - is being tipped as one of those firms that will yield significant returns to investors as the US economy pulls out of recession.
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The potential for growth at Citigroup is exemplified in the names that are backing the group: Bloomberg reports this morning that John Paulson, Eric Mindich and George Soros purchased almost half a billion shares in Citigroup Inc. last quarter
Not only have some of the biggest names in investment circles backed the bank - the same report suggests that as many as 120 hedge funds have bought stock in the bank.
Investors are clearly betting on a rebound in Citigroup after it lost as much as 94 percent of its value during the credit crisis. The purchases came in the same quarter that the third- largest US financial company sold more than 5 billion new shares to help repay government bailouts.
Citigroup Inc shares were sharply higher yesterday as the bank gathers momentum on the S&P 500. Shares closed higher by 4.09% at 3.31.