Citi, Merrill Will Get Billions More from SWFs

Both Citigroup and Merrill Lynch are seeking additional capital from investors, principally sovereign wealth funds (SWFs).  Merrill is expected to raise $3-4 billion, mostly from a middle eastern SWF, and Citigroup is expected to get $10 billion from SWFs.  Foreign governments have already invested about $27 billion in major investment banks.  Will the size of these additional capital infusions result in political or shareholder backlash?  The goal, says a lobbyist who has shepherded foreign investments through Congressional scrutiny, is to get a B6 story in the Wall St. Journal and have no one mention it.  WSJ, Citigroup, Merrill Seek More Foreign Capital.