According to the Financial Times, Bank of America is trying to create a joint takeover bid with JC Flowers and the China Investment Corporation (CIC), which is a Sovereign Wealth Fund. The CIC invested $5 billion in Morgan Stanley , when that bank need a cash infusion in December 2007. It is unclear if the CIC will act as lead investor or act though JC Flowers, with which the CIC has established a fund.
According to the Financial Times, Bank of America is trying to create a joint takeover bid with JC Flowers and the China Investment Corporation (CIC), which is a Sovereign Wealth Fund. The CIC invested $5 billion in Morgan Stanley when that bank needed a cash infusion in December 2007. It is unclear if the CIC will act as lead investor or act through JC Flowers, with which the CIC has established a fund.
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