Es ist ersichtlich, wo sich dies positiv auswirkt -:)
04-03-2014 16:05 Pimco Raises $5.5 Billion to Buy Bank Assets
Name Letzter Veränderung
COMMERZBANK ORD 13.194 0.264 (2.04 %)
ROYAL BANK OF SCOTLAND GROUP O 329.10 -0.50 (-0.15 %)
INTESA SANPAOLO ORD 2.292 0.06 (2.69 %) -:)
UNICREDIT ORD 5.83 0.13 (2.28 %) -:)
COMMERZBANK ADR REP 1 ORD 12.875 0.075 (0.59 %)
KKR AND CO UNT 17.474 -0.09 (-0.51 %)
ROYAL BANK SCOTLAND ADS REP 2 11.05 0.04 (0.36 %)
Bond giant Pimco has raised $5.5 billion to buy bank assets in the U.S. and Europe and has closed the fund to new investors, according to a person familiar with the fundraising.
The Bank Recapitalization and Value Opportunities II fund, or Bravo II, is being led by deputy chief investment officer Dan Ivascyn and will target a range of unwanted assets on the balance sheets of banks, including residential and commercial real-estate assets.
Investors are lining up to snap up the unwanted loan portfolios and real-estate assets. Many of the targets lie in Europe, where banks have been busy shrinking their balance sheets primarily to meet stricter capital requirements.
Last month, The Wall Street Journal reported that two of Italy's biggest banks, Intesa Sanpaolo SpA and UniCredit SpA, were in talks with U.S. private-equity firm KKR regarding the sale of some of their restructured loans.