SWFs Will Not Rush In

I is looking increasingly likely that Sovereign wealth funds from the Gulf will not be willing or able to play the role of saviours of the global financial system, and Western banks and governments on the look out for capital are going to find these funds, still smarting from the massive losses they made the first time around, much harder to entice. Gerard Cassidy, a banking analyst at RBC Capital Markets, tells CFW that 'the challenging part for global banks that are looking for equity is that any that have already made these investments in the last 12 months have been burned, and it's going to be much harder to pry the money out of some of these funds.'

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