We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Just bad luck?

16 December 2009 By Una Galani

Whatever the merits of the allegation, which Citi disputes, the Abu Dhabi Investment Authority is facing a 90 pct loss on its $7.5 bln investment in the bank. Meanwhile, Kuwait which also bailed Citi made profits. ADIA’s relative misery is partly bad judgment, partly bad luck.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)