Citigroup C 11/20/08 - Saudi Prince Upping Stake to 5%

Saudi Prince Alwaleed plans to up his stake in Citigroup ( C ) to 5%. This news is just crossing the wires on 11/20/08, Citigroup is up about 5% on this news to the $6.80's and it is turning the stock market futures around this morning. Citigroup has apparently raised 50 billion in private capital, something the market did not know.

This could be a big market mover today....stay tuned

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