Billionaire Citigroup Backer Arrested in Saudi Crackdown

Billionaire Citigroup Backer Arrested in Saudi Crackdown

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses a long-term shareholder's involvement with a bank, focusing on his role in helping the bank regain a banking license lost in 2004. The shareholder, who holds less than 5% of the bank, has been a significant supporter, especially during financial crises. The discussion also covers the bank's operations in Saudi Arabia without a license and the broader support base beyond the shareholder. Despite not having a license since 2004, the bank has managed to conduct approved transactions and is expected to receive a new license soon.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role did Prince Alwaleed play during Citigroup's financial crises?

He criticized the bank publicly.

He provided fresh capital.

He sold his shares.

He withdrew his investments.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is suggested about Citigroup's support base in Saudi Arabia?

It is not significant for the bank's future.

It is solely dependent on Prince Alwaleed.

It is broader than just Prince Alwaleed.

It is declining rapidly.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What activities has Citigroup been able to conduct in Saudi Arabia without a banking license?

Opening new branches.

Issuing new credit cards.

Arranging bond sales.

Offering personal loans.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the status of Citigroup's banking license in Saudi Arabia?

It was renewed last year.

It is currently under review.

It has been permanently revoked.

It is expected to be received later this year.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has Citigroup managed its operations in Saudi Arabia over the past decade?

By partnering with local banks.

By reducing its presence in the region.

By being careful not to cross legal boundaries.

By ignoring local regulations.