Finance / United States
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
SWFs And Western Banks
June 2008 | Closing BellSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
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.