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George Soros, Southsider

Financial Times 20 May 2010 One Comment

ShoreBank hauls in another familiar name from the Financial Times

According to a person familiar with the deal, Goldman Sachs agreed to invest about $25m, and Citigroup and GE Capital were each committed to invest $20m. Other investors included Bank of America, which will invest $15m and Morgan Stanley, which committed $10m. JPMorgan is also included in the consortium. People familar with the deal said George Soros, the financier, tentatively agreed to contribute $5m. A spokesman for Mr Soros declined to comment.

Read more at the Financial Times

One Comment »

  • Pat Hickey said:

    Street Cred.

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