Singapore's GIC to keep investments in Citigroup

AFP
SINGAPORE — The Government of Singapore Investment Corporation (GIC) said Friday it will keep its stake in Citigroup in a vote of confidence for the US banking giant, whose shares tumbled this week.
The Singapore sovereign wealth fund said its holdings in Citigroup has been diluted to "approximately 4.0 percent" from 4.9 percent after the bank's latest round of capital-raising to repay 20 billion US dollars in federal aid.
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