Thursday, September 22, 2011

BNP reported to be in equity talks with Qatar

The Slog has the latest on BNP Paribas, linked here. A quote:

The reality is that an hour ago, news that Qatar is in talks with BNP Paribas on taking a stake in the troubled bank was confirmed - and a cash for equity swap would not be on the table if the bank's affairs were hunky-dory. This has echoes of Barclays' dash for capital (in order to avoid a Government bailout) in 2008.



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