Bloomberg News

Citigroup ‘On the Right Track,’ Needs No Capital, Alwaleed Says

October 06, 2011

Oct. 6 (Bloomberg) -- Citigroup Inc., the third-biggest U.S. bank by assets, will report third-quarter results showing it’s “on the right track,” the lender’s largest individual shareholder said.

No new capital is needed at New York-based Citigroup, Saudi Arabia’s Prince Alwaleed Bin Talal said on CNBC today. The banks holdings tied to Europe are minimal, he said.

To contact the reporter on this story: Donal Griffin in New York at dgriffin10@bloomberg.net

To contact the editor responsible for this story: Rick Green at rgreen18@bloomberg.net


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