Details of Credit Suisse’s $4 billion capital raising strategy are revealed
Embattled bank Credit Suisse (CSGN.S) on Monday provided further information about its strategy to collect 4 billion Swiss francs (about $4.01 billion) from its investors to help it combat the largest crisis in its 166-year existence. The second-largest lender in Switzerland is establishing new capital to finance a restructuring that will result in thousands of…
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Carlyle raises $4.6 BLN
Carlyle Group Inc said that it has raised $4.6 billion for its second credit fund that provides debt financing to companies. This includes the family-owned businesses and private equity-backed firms. The new fund, Carlyle Credit Opportunities Fund II, exceeded its initial target of $3.5 billion. This is expected have up to $6 billion to deploy when…
World Bank says will boost Covid-19 vaccination funding to $20 BLN
The World Bank pledged to boost available funding for COVID-19 vaccine purchases and deployment to $20 billion, citing a sharp increase in overall financing demand from developing countries. World Bank President David Malpass said that the global development bank had already provided more than $4 billion to 51 developing countries. This is for the purchase and deployment of COVID-19 vaccines,…