CORRECTED - FACTBOX-Capital raising by financial institutions
(Removes Blackstone, corrects number of transactions)
April 17 (Reuters) - Merrill Lynch (MER.N: Quote, Profile, Research) said on Thursday it had hired a team of four private bankers from Citigroup (C.N: Quote, Profile, Research), who will be based in Singapore and look for business from Indonesian billionaires.
Financial companies around the globe have scrambled to raise capital to offset massive write-offs. Since the beginning of the credit crunch, companies have raised nearly $181.6 billion of new capital, according to a Lehman Brothers report released early this month.
Below are the 14 largest capital infusions announced by financial institutions, according to the report. --Company --Total --Source(s)
($ billion) Citigroup (C.N: Quote, Profile, Research) $30.40 Government of Singapore (GIC)
Saudi Prince al-Waleed
Kuwait Investment Authority
Abu Dhabi Investment Authority
Public Capital Markets UBS (UBS.N: Quote, Profile, Research) $27.70 Equity Investors (Rights Issue)
Government of Singapore (GIC) Fannie Mae (FNM.N: Quote, Profile, Research) $17.00 Debt Market IKB Deutsche (IKBG.DE: Quote, Profile, Research) $13.20 KFW, German Government Bank of America (BA.N: Quote, Profile, Research) $13.00 Convertible & Preferred Markets Merrill Lynch (MER.N: Quote, Profile, Research) $12.20 Kuwait Investment Authority
Korean Investment Corp.
The Olayan Group (Saudi)
Mizuho Corporate Bank
Temasek Holdings
Davis Selected Advisers Societe Generale (SOGN.PA: Quote, Profile, Research) $8.70 Equity Market WestLB WDLG.UL $7.80 State of North Rhine Westphalia Freddie Mac (FRE.N: Quote, Profile, Research) $7.00 Debt Market Morgan Stanley (MS.N: Quote, Profile, Research) $5.00 China Investment Corp Barclays (BARC.L: Quote, Profile, Research) $5.00 China Development Bank
Temasek Lehman Brothers LEH.N $4.00 Convertible Equity Market Wachovia (WB.N: Quote, Profile, Research) $3.00 Undisclosed U.S. Investors Canadian Imperial (CM.TO: Quote, Profile, Research) $2.90 Li Ka-Shing
Manulife Financial
Public Capital Markets ** Source: Lehman Brothers Fixed-Income Research (Reporting by Steven Bertoni, Additional writing by Nagesh Narayana; Editing by Andrew Hurst)
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