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Birthday : 12/14/1955
Place of birth : New York (New York) - United States
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Biography : John Paulson is the boss of the investment fund Paulson & Co. founded in 1995. It’s thanks to...

John Paulson Says 'Disappointed' to Lose Citigroup as An Investor -CNBC

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08/28/2012 | 06:26pm EDT

Paulson & Co.'s John Paulson said during a conference call Tuesday he was "disappointed" to lose Citigroup as a client, CNBC reports on its website.

Mr. Paulson also said he saw favorable conditions for gold within the next five years, CNBC said.

The Wall Street Journal reported earlier that people familiar with the matter said Mr. Paulson would speak on a conference call hosted by Bank of America Corp.'s (>> Bank of America Corp) wealth management division.

Last week the Journal reported the decision by Citigroup Inc.'s (C) private bank to stop investing with Mr. Paulson's firm. The move is expected to lead to withdrawals of about $410 million.

Website: www.CNBC.com

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Bank of America Corp
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -4.93% 21.6 Delayed Quote.-38.67%
CITIGROUP INC. -4.82% 43.8 Delayed Quote.-45.17%
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