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Ross: Citibank Should Not be Controlled by US

Tue 03 Mar 09 | 07:13 PM ET
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Ross: Citibank Should Not be Controlled by US

Tue 03 Mar 09 | 07:13 PM ET
The U.S. state department should not be running institutions like Citibank, as a huge proportion of their business is outside the U.S., says Wilbur Ross, chairman and CEO of WL Ross & Co. He tells CNBC's Martin Soong that it is difficult for these international institutions do do business overseas if it is controlled by the U.S. government.

Topics:

Economy (U.S.)  | Politics and Government
 
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