218573 Resource 133538 120646 120646 1227187930314 1227187930314 Controlled Citi (C) Gets More Support from Saudi Prince

Prince Alwaleed to increase his stake in Citi

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Citi (<a href="http://finance.yahoo.com/q?s=c&d=t" target="_blank" title="C, Saudi prince, individual equities, spread bets Citi, spread betting stock market, Prince Alwaleed, Saudi Citi, Wall Street">C</a>) is one of those individual equities that has sunk rather low in recent months. Once a Wall Street darling and favorite, it is amongst those <a href="http://blog.inner8.com/2008/11/former-wall-street-favorites-sink-to.html" target="_blank" title="C, Saudi prince, individual equities, spread bets Citi, spread betting stock market, Prince Alwaleed, Saudi Citi, Wall Street">once-venerable stocks that are now trading in single digits</a>.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">However, there could be some hope for Citi on the horizon. Saudi Prince Alwaleed plans to <a href="http://www.thestreet.com/story/10449097/1/saudi-prince-alwaleed-to-up-citi-stake-to-5.html?puc=_tscrss" target="_blank" title="C, Saudi prince, individual equities, spread bets Citi, spread betting stock market, Prince Alwaleed, Saudi Citi, Wall Street">increase his current stake in Citi to 5%</a> in a show of confidence, reports The Street:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-family: verdana,arial,helvetica,sans-serif;"><font size="2">In a press release issued Thursday, the prince said he supported Citigroup CEO Vikram Pandit and that he's &quot;fully confident that Citigroup's universal banking model and global franchise will make it a long-term winner in the financial services industry.&quot;<br /></font></div><font size="2"><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">It remains to be seen whether this really will help Citi, but the Saudi prince has plenty of capital to inject, and it may keep Citi afloat until this financial crisis is over and the company regains its footing.</span></font><br /> 9 application/xml false C individual equities Prince Alwaleed Saudi Citi Saudi prince spread bets Citi spread betting stock market Wall Street Spread betting on the stock market http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 133538 blog blogsite/GFTUK/web