http://www.citigroup.com
Over the past several weeks, John Paulson, the well-known hedge fund manager, has purchased a 2% stake in Citigroup (C: 5.07, 0.45, 9.74%), according to a report in the New York Post.
As per investment rules, an investor who holds a 5% stake in a company would need to disclose it with the U.S. Securities and Exchange Commission.
According to the report in the paper, Paulson thinks Citigroup’s assets are undervalued, which may be the reason for Paulson’s purchase.
Currently, the U.S. government holds a 34% stake in Citigroup.
http://www.foxbusiness.com/story/markets/industries/finance/paulson-buys-citigroup-report-says/
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Citi profit crosses Rs 2,000 cr
http://economictimes.indiatimes.com/News-by-Industry/Citi-profit-crosses-Rs-2000-cr/articleshow/4699184.cms 