More Libor Subpoenas, KKR’s Difficulties With NA Fund: Financial Business Review

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Some nine additional banks are now under the Libor magnifying glass as state subpoenas were issued in August and September to lenders Lloyds Banking Group (NYSE:LYG), Royal Bank of Canada (NYSE:RY), Credit Suisse Group (NYSE:CS), and Bank of America Corporation, among several other companies, according to the Wall Street Journal.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

KKR & Co. (NYSE:KKR) is having a hard time getting to its goal of raising $8 billion for its new North America fund. Bloomberg reports that the project has brought in a total amount of under $6.5 billion, and of that less than $1 billion since February. The firm’s difficulties in the current endeavor originate from the under-performance of the previous North American fund, which closed in 2006 with $17.6 billion.

Don’t Miss: Will Central Banks Hit an American Express Gold Limit?


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business