Prince Alwaleed Has "Full Confidence" in Citi (C) and CEO, Pandit -CNBC
Appearing in an interview with Maria Bartiromo on CNBC's Power Lunch, Price Alwaleed said he has full confidence in Citigroup (NYSE: C) and its current CEO, Vikram Pandit.
Last week, Prince Alwaleed announced that he would boost his stake in Citi back to the 5% level. Notably, the investor has been a major shareholder in Citi since 1991.
Citigroup Inc., doing business as Citi, provides a range of financial products and services to consumer and corporate customers in the United States and internationally.
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