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

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.

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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.

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