French banks agree to set up 1 bln superfund: report
French banks agree to set up 1 bln superfund: report
ZURICH (Reuters) – Five French banks have agreed to set up a “super-conduit” fund holding $1.47 billion of asset-backed securities early in 2008 to ensure a liquid market for any French mutual funds destabilized by the global credit crisis, the Financial Times reported on Thursday.
Source: feeds.reuters.com
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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