GIC assets off 25 pct, “too early” buying into banks

04Mar09

Lee Kuan Yew admits GIC made a mistake and tries to quell early election buzz.  Interview with Reuters: Lee said GIC bought “too early” into global banks such as Citigroup (C.N) and UBS (UBSN.VX), which were both hammered by the financial meltdown that quickened in the second half of 2008. “How could we have known […]

Filed under: Interview, Newspaper, Quotes   |  2 Comments
Tags: citigroup, early election, financial crisis, gic, lee kuan yew, ubs