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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Spain’s banks struggle to attract funds

Posted on 28 March 2011

Spain’s savings banks are struggling to attract private capital ahead of Monday’s deadline to present plans to the Bank of Spain detailing how they will boost capital reserves in line with tough new minimum levels.

The only private investors to have offered to invest in the regional savings banks, or “cajas,” have been sovereign wealth funds from Qatar and Abu Dhabi. Norway’s central bank said over the weekend it was looking to invest in smaller Spanish banks……………………………………Full Article: Source


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