MIDDLE EAST BAILS OUT CITI:
The headline:Citigroup (C), Country’s Largest Bank, Gets $7.5B Capital Infusion from Abu Dhabi; 4.9% Stake Makes Abu Dhabi One of Citi’s Top Shareholders
The fact that the stake was for 4.9% is important, Karen Finerman said. It means neither side has to make a 13-D disclosure, keeping the process simpler. Karen’s bank of choice is Barclays (BCS), because it proved it was “comfortable” in talking about its guidance. Perhaps one of the only financials to do so.