Citigroup Seems to Deepen Ties With Mideast’s Richest Households

Citigroup Inc. has been dispatching its high funding bankers to spend extra time with household workplaces throughout the Center East because the funds look to deploy their riches in areas like actual property and personal fairness.

Normally, these households generate their wealth from massive firms they personal, giving Citigroup another excuse for making an attempt to seize extra of their enterprise, stated Manolo Falcó, a vice chairman within the agency’s banking division.