In a move to shore up its troublesome capital position, Citigroup has inked a deal to sell a nearly five percent stake to the Abu Dhabi Investment Authority, a sovereign wealth fund. The feds have already approved. So the bank has found a way to stave off a dividend cut or asset sale, even as the stake held by Middle East owners soars to about 10 percent. An interesting twist is that the new investor will not have a board seat or any say in management affairs. That frankly is a coup for a bank with a lot of challenges. If only they could muzzle Prince Walid. The transaction was set up by Michael Klein, co-head of Citigroup's investment bank, according to the New York Times. You should expect other capital enhancing moves. All this without a CEO. That indicates the gravity of the situation.  

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