Merrill Lynch and Citigroup.
Merrill is expected to get $3 billion to $4 billion, much of it from a Middle Eastern government investment fund. Citi could get as much as $10 billion, likely all from foreign governments.
Such large investments, are the latest sign big banks are undergoing a rapid recapitalization to stabilize their shaky financial foundations. Already, foreign governments have invested about $27 billion in Merrill, Citi, UBS, AG and Morgan Stanley.
UBS (GIC, Singapore) $9.8 billion
Citigroup (Abu Dhabi Investment Authority) $7.5 billion
Morgan Stanley (China Investment Corp) $5.0 billion
Merrill Lynch (Temasek Holdings, Singapore) $4.4 billion
Bear Stearns (Citic Securities, China) $1.0 billion
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment