Troubled Citigroup Seeking Cash Infusion From China, Kuwait

Troubled Citigroup Seeking Cash Infusion From China, Kuwait

Citigroup is turning to cash-rich foreign investors for a second time as it confronts mounting losses on mortgage-related investments.

The financial giant is in talks to sell a large stake to a Chinese bank and several other investors, including foreign governments, in a deal that could raise $10 billion, people briefed on the plan said Friday.

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