RIYADH (Reuters) - The global interest rate environment is supportive of companies wanting to raise money, said James Forese, president of Citigroup (N:C) and chief executive of the bank's institutional clients group.
Forese said there had been a normalization of interest rate policies but the global market was still accommodative to companies seeking to raise funds.
Speaking at a business conference in Riyadh, he added that Citigroup was considering expanding its activities in Saudi Arabia into a full banking license.