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Bankruptcy

: Texas Lawyer Blog

More Foreign Funds Investing in US Financials

By J. Michael McBride

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More news on foreign funds, frequently foreign governments themselves, buying into US financial companies. "Merrill Lynch & Co. said Tuesday that it is getting a cash infusion of $6.6 billion from three foreign investment funds. The Korean Investment Corp., Kuwait Investment Authority and Mizuho Corporate Bank will receive a special class of stock for their combined $6.6 billion investment. ... Both the Korean and Kuwaiti investment groups are owned by the state governments. Mizuho is a Ja read more

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Full post as published by Texas Lawyer Blog on January 15, 2008 (boomark / email).

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