Saudi Prince Alwaleed bin Talal, the largest shareholder in Citigroup Inc., said shareholder patience is wearing thin over rising costs at the largest U.S. bank.
"The results are positive but they are not able to get the costs under control," Alwaleed told Reuters on Tuesday referring to Citigroup. "We have to take draconian, and I say draconian, measures to control the costs,"
Prince Alwaleed, the nephew of King Abdullah, has been ranked by Forbes magazine as the world's fifth-richest person. His estimated fortune of $23.7 billion makes him the wealthiest Muslim businessman
Wednesday, July 19, 2006
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment