SWFs And Western Banks

June 2008 | Closing Bell

Another week, another Gulf investor buys into a troubled western financial institution. This time it is the turn of Barclays Bank to seek funding, to the tune of GBP4.5bn. Whatever stock existing shareholders do not buy at a discounted rate will be snapped up by waiting Sovereign Wealth Funds (SWFs) from Qatar, China and Singapore. Qatar's investment fund and a member of the state's ruling family have already agreed to invest GBP1.8bn and GBP533mn respectively.

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