In the global quest for revenue and funding, three new entrants are making a splash. The European Bank for Reconstruction and Development (EBRD) has appealed for a 50% capital increase to mitigate the impact of the global economic crisis on central and eastern Europe according to the FT. They are asking for an extra E10bn ($14.5bn) to allow it to expand its lending and compensate for a sharp decline in private capital flows into the former communist countries. The EBRD is controlled by 60 countries.
BNP Paribas joins the long list of global banks attempting to buy their way out … …READ MORE
