Friday, February 27, 2009
The U.S. now owns about 36% of Citigroup.
The Government of Singapore owns around 11%.
The Kuwaiti government owns about 6%.
And a Saudi prince owns about 5%.
That totals some 58% owned by governments and foreign royalty.
Whether or not Citigroup has been nationalized or internationalized, one thing is for sure: it is no longer a private bank.