Filed under: Raising money, Public or private?
Funds backed by Qatar might take a $3 billion stake in Credit Suisse (NYSE: CS), another step toward sovereign funds owning a piece of nearly every big financial institution in the US and Europe. Due to losses related to subprime financial instruments, it is a good thing that the entities have money to invest.
According to The Sunday Telegraph, “powerful funds backed by the Qatari government are considering assembling a significant stake in Credit Suisse, one of Europe’s largest banks.”
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