The London bank's shares are down 10% in New York since the crisis began, while shares of rival Citigroup have slid 50% and those of the Swiss UBS 45%.
The London bank's shares are down 10% in New York since the crisis began, while shares of rival Citigroup (nyse: C - news - people ) have slid 50% and those of the Swiss UBS 45%.
Alwaleed held onto that stake as Citigroup slogged its way through the financial crisis of late 2008 and throughout 2009, and even bought more shares in the company.
He is perhaps best known for his longterm investment inCitigroup (NYSE: C), sticking by the banking giant even as it got clobbered during the financial crisis of 2008.