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Saudi Prince Alwaleed Bin Talal Has Full Confidence In Citigroup (VIDEO)

First Posted: 11-25-08 05:19 PM   |   Updated: 12-26-08 05:12 AM

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Saudi Prince Alwaleed bin Talal says he has "full confidence" in Citigroup CEO Vikram Pandit and believes the bank's financial problems will resolve themselves with time.

"I believe personally as a shareholder in this company more than 18 years ago that Vikram should be given more time. He has just taken over this one year and the legacy that he had is tremendous. So he has my full confidence," the prince, the bank's largest individual investor, said Monday on CNBC.

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Watch Prince Alwaleed express his confidence in Citigroup on MSNBC's Morning Joe.

Filed by Nick Graham  |  Report Corrections