What american bank does saudi arabia own?

Question

What american bank does saudi arabia own?

Answer 1

I think its Citi Bank. Incidently - the CEO of Citi Bank sits on the Board of the Federal Reserve that sets our interest rates and controls our economy.

Answer 2

They do not own 100% of any US bank at this time however,Chase Manhattan Bank is participating in the new Saudi Arabian Investment Bank along with Japanese and European banks. The Saudis own 60 percent of this institution. There is also ownership in Chase, merril lynch, and many other investment companies.

They own a 60% interest in Citibank, as Saudi American bank-

Samba Financial Group was formed pursuant to Royal Decree dated 26/3/1400 H. (February 12, 1980), to take over the then existing branches of Citibank, N.A. in Jeddah and Riyadh, which were opened in 1955 and 1966 respectively. Samba was formed in accordance with a program adopted by the Kingdom in the mid-1970s, under which all foreign banks were required to sell majority equity interests to Saudi nationals. Samba commenced business on February 12, 1980 and closed its first fiscal year on December 31, 1980.  The US part of citibank owns only 20% of the corporation.