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Sovereign Wealth Funds Briefing - Categorized | Performance

SWFs lose out after bank bail-out

Posted on 25 February 2009

From Financialstandard.com.au: The US government’s move to potentially have direct share ownership in the banks bailed out during last year’s crisis could dilute the returns of sovereign wealth funds and pensions funds that hold stake in US finance stocks.

This week the US government, in concert with the Federal Reserve and other related agencies, announced that it would put the major US banks, such as Citi and Bank of America, through an evaluation test that would assess whether they needed additional capital buffer….. Full Article: Source


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