Bofa raises US$5.9 billion
Bank of America Corp. said Wednesday it raised US$5.9 billion through the conversion of preferred shares for common stock as part its plan to bolster its capital base.
Man Group on Tuesday said it has raised $1.5bn from Japanese investors for an open-ended AHL fund that has only been taking subscriptions for about a month, in an encouraging sign for analysts who have been concerned about how AHL's recent spell of choppy performance might hit sales.