Saudi billionaire and leading Citigroup Inc. (C) investor Prince Alwaleed Bin Talal said 2010 was the year Citi Chief Executive Vikram Pandit had "to deliver" results and that shareholders had already given the U.S. bank two years to turn it around, Fox Business Network reported.
In an interview with Fox Business seen on its Web site Friday, he said: "I don't threaten those CEOs that I meet but I told him that really the market gave you two years leeway but now it's time to deliver. 2010 is for him, the year to make it or break it and he has to deliver."
The prince also said Saudi Arabia's close ties to the United States will continue, and oil was a strong binding factor.
"Saudi Arabia's strategic alliance with the United States will continue and as a derivative of that, the link with the oil between oil and dollars is there," he said, according to FBN. "The bulk of our GDP, the bulk of budget comes from oil and oil is still a dollar based commodity...At the end the Euro is strong but it will never replace the dollar. The United States is down but it's not out."END
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