BREAKING NEWS

BREAKING NEWS

Soros sells out of Citigroup

Now Reading:

Soros sells out of Citigroup

Text size Aa Aa

It is hardly a sign of confidence in the banking sector when one of the world’s most famous investors sells out of his shareholding. But that is exactly what George Soros has done with Citibank, his fifth-largest punt at the end of last year. In the first quarter of this year he sold off most of his 94.7 million shares, probably doubling his money, and netting over 300 million euros.