By Yalman Onaran
April 2 (Bloomberg) -- The following table shows banks and securities firms that have sold stakes or announced plans to do so, raising $136 billion of capital amid losses on subprime- related securities.
The financial institutions have turned to their own governments, sovereign wealth funds of other countries' governments and public investors. The writedowns and credit losses following the collapse of the U.S. subprime mortgage market have exceeded $232 billion for the world's largest financial institutions.
Lehman Brothers Holdings Inc., the largest underwriter of mortgage-banked bonds in the U.S. last year, raised $4 billion from public investors yesterday while UBS AG said it would seek 15 billion francs ($15 billion) of new capital in a rights offer.
All figures are in billions of U.S. dollars and converted at today's exchange rate if given in a different currency.
Total
Firm Infusion Breakdown by Investor (if provided)
Citigroup $30.4 $6.9 Government of Singapore
Investment Corp.
5.6 Kuwait Investment Authority,
Alwaleed bin Talal, Capital
Research, Capital World,
Sandy Weill, public investors.
7.5 Abu Dhabi Investment
Authority
10.4 Public investors
UBS 27.7 10.9 Government of Singapore
Investment Corp.
2 Unidentified Middle Eastern
Investor
14.8 Public investors
IKB Deutsche 13.2 German government, Banking associations
Bank of America 13 Public investors
Merrill Lynch 12.2 6.6 Korea Investment Corp.,
Kuwait Investment Authority,
Mizuho Financial Group
4.4 Temasek Holdings
1.2 Davis Selected Advisors
Societe Generale 8.7 Public investors
WestLB 7.8 State of North Rhine Westphalia,
savings banks associations,
regional governments
Morgan Stanley 5 China Investment Corp.
Barclays* 5 3 China Development Bank
2 Temasek Holdings
Lehman Brothers 4 Public investors
Wachovia 3.5 U.S. investors (unidentified)
Canadian 2.9 1.5 Li Ka-Shing, Manulife
Imperial Financial, Caisse de Depot
et Placement du Quebec, OMERS
1.4 Public investors
Credit Suisse 1.4 Public investors
Gulf Int'l 1 Governments of Bahrain, Kuwait,
Oman, Qatar, Saudi Arabia, UAE
_____
TOTAL $135.8
* Barclays Plc arranged its transaction during an unsuccessful
bid to buy ABN Amro Holding NV last year.
To contact the reporter on this story: Yalman Onaran in New York at yonaran@bloomberg.net.
Last Updated: April 2, 2008 09:03 EDT
HOME
