Filed under: Raising money, Public or private?

Funds backed by Qatar may take a $3 billion stake in Credit Suisse (NYSE: CS), another step toward sovereign funds owning a piece of almost every large financial institution in the US and Europe. Due to losses related to subprime financial instruments, it is a good thing that the entities have money to invest.

According to The Sunday Telegraph, “powerful funds backed by the Qatari government are considering assembling a significant stake in Credit Suisse, one of Europe’s largest banks.”

Continued at 24/7 Wall St.

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This entry was posted on Friday, March 14th, 2008 at 9:16 pm and is filed under Investments and Raising Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.