GIC Firm on Investments with Citigroup and UBS

Posted on 05/18/2009


On Tuesday, the Government of Singapore Investment Corporation (GIC) reiterated they plan on holding its stakes in UBS AG and Citigroup. In fact, GIC officials are keen to hold these stakes for the long-term until an extremely high price comes along. Citigroup and UBS are trying to return to profitability and improve capital ratios. A […]

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