The Qatar Investment Authority, the Middle Eastern sovereign wealth fund, has expressed interest in buying part of the US Treasury’s 27% stake in Citigroup, potentially boosting efforts to sell the shares, reports the FT. The fund’s interest in Citi, which was bailed out by the government after losing $50bn in the financial crisis, comes as other cash-rich SWFs are avoiding banks. The QIA however has done well on investments in Credit Suisse and Barclays during the crisis.

This entry was posted by Gwen Robinson on Wednesday, May 26th, 2010 at 5:23 and is featured in The 6am Cut London (26 May 2010), The Lunch Wrap (26 May 2010) . Tagged with citi, qatar, QIA, Treasury. Edit this entry.