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.
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.