KEY POINTS:
Citigroup is selling up to 4.9 per cent of itself for US$7.5 billion ($10.1 billion) to the investment arm of the Abu Dhabi government, giving the largest US bank fresh capital.
The injection will shore up Citi's balance sheet, which has been hurt by some US$6.8 billion of writedowns and losses in the third quarter and the potential for another US$11 billion in the fourth quarter.
The sale may also signal the freefall in US financial stocks is close to ending, analysts said.
