20.05.2014 - Why Sovereign Wealth Funds Are a Bank’s Best Friend
If you have a capital problem, if no one else can help, and if you can persuade them, maybe you can cozy up to one of the world’s sovereign wealth funds.Certainly these investment vehicles, usually set up by oil-rich countries to manage state savings, have proved themselves willing to back a whole host of banks since the credit crunch. And in case anyone thought the era of seeking help from deep-pocketed friends was over, Deutsche Bank has reminded us that it’s not. It’s just secured backing from the The Qatari royal family to the tune of €1.75 billion ($2.38 billion) via its investment vehicle Paramount Holdings............................................Full Article: Source
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