Delighted Citigroup chief calls Buffett's investment 'wonderful'

Citi welcomes Warren Buffett's investments. arms open

FRANKFURT: The timing of Warren Buffett's recent investment in Citigroup Inc C.N was not known in advance by the U.S. lender, Chief Executive Jane Fraser said on Tuesday.

Fraser, speaking to reporters in Frankfurt during a trip to Europe, also said the bank didn't yet know whether it would keep its bank licenses in Russia, where it has been shrinking operations after the country sent troops into Ukraine.