Tag Archives | Citigroup

"Almost Zero Faith" in Key Libyan Ports Resuming

By John Lee. Analysts from Citigroup have said cast doubt on last week's deal between the Tripoli-based Presidential Council and Petroleum Facilities Guard (PFG), describing it as “likely another headfake.” They said in a report that the nation “has devolved into a genuine failed state, run by competing militias, and moving a state from the […]

LIA Cooperates With SEC on Goldman Probe

The Libyan Investment Authority (LIA), the country's sovereign-wealth fund, is reportedly helping the US's Securities and Exchange Commission’s bribery probe into Goldman Sachs. According to The Wall Street Journal, the fund is cooperating with the SEC on an investigation into whether Goldman violated American anti-corruption laws, after the fund lost 98 percent, or $1 billion, […]