| 18.12.2008 - 2008 turned financial heroes to zeroes |
| From Inquirer.net: China Investment Corp., China's sovereign wealth fund, bought a 9.9-percent stake in Morgan Stanley last December. The Government of Singapore Investment Corp. invested in Swiss bank UBS and US bank Citigroup. The city-state's Temasek Holdings pumped billions into the former US investment bank Merrill Lynch. Abu Dhabi Investment Authority made an investment of $7.5 billion in Citigroup -- to name but a few..... Full Article: Source |