(The Wall Street Journal) -- Citigroup, seeking to restore investor confidence amid massive losses due in credit markets and a lack of permanent leadership, is receiving a $7.5bn (€5.1bn) capital infusion from the investment arm of the Abu Dhabi government.

The investment by the Abu Dhabi Investment Authority will help rebuild Citigroup's capital levels, which have been eroded by a credit crunch that began in the summer. Citigroup chief executive and chairman Charles Prince resigned earlier this month after the bank, which had already written off billions of dollars, said it was facing as much as $11bn more in losses.