Banking, finance, and taxes
With No US Investors, Sovereigns Get Ready To Pour More Cash Into Financials (C)(MER)
Published:
If US financial companies go shopping for more cash as the credit crisis drags on, Kuwait wants the world to know it has a big bank account. A good deal might just pull some of that capital in.
Althougth Kuwait has not mentioned investing in Lehman (LEH), the investment bank better hope for some interest. Its stock is taking a pounding over the fact that it needs money and may not be able to raise it. For $17 billion, Kuwait can buy the whole company.
But, Kuwait seems to want somewhat safer bets, although nothing looks safe right now. According to Reuters, "State-owned Kuwait Investment Authority (KIA) is looking at more investments in the financial sector and might consider raising its stakes in U.S. banks Citigroup (C) and Merrill Lynch (MER)."
Wall St. must wonder why no US cash is coming forward to rescue the likes of Lehman or shore up Citi and Merrill.
Perhaps they know better
Douglas A. McIntyre
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
