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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

Singapore fund has stakes in UK bailout banks

Posted on 10 October 2008

From Pressrun.net: The Singapore sovereign wealth fund, Temasek Holdings, has stakes in banks being bailed out by Britain. It is the biggest shareholder of Standard Chartered, holding a 19 percent stake, and also has a 2 percent stake in Barclays as of March 31, 2008, according to its website.

Standard Chartered and Barclays have both signed up for the 400 billion pound ($692 billion) rescue package along with other leading British banks, HSBC, Abbey, HBOS, Lloyds TSB, Nationwide Building Society and Royal Bank of Scotland, reports BBC…… Full Article: Source


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