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Banks May Pony Up $60 Billion for SIVs.
- Source :
-
Wall Street Journal - Eastern Edition . 10/20/2007, Vol. 250 Issue 94, pA3. 0p. - Publication Year :
- 2007
-
Abstract
- The article reports on the planned creation of a super-size investment fund in the U.S. Bankers and other financial institutions have expressed interest in committing more than $60 billion in credit lines to create a planned superfund that will be used to support the ailing mortgage-securities market. The three U.S. banks organizing the fund, Bank of America Corp., J.P. Morgan Chase & Co., and Citigroup Inc., would come close to their goal of raising a fund of $80 billion to $100 billion if the expressions of interest turn into firm commitments.
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 250
- Issue :
- 94
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 27274625