Serious injury than expected subprime Citigroup Merrill Lynch continue to look for blood.

<P> Citibank and Merrill Lynch are competing for foreign government funding to make up for losses caused by the subprime crisis. .It is reported that Citigroup is from China, Kuwait and public market investors to raise up to 140 billion U.S. dollars of investment in the implementation details of Merrill Lynch to finance the funding in the second about 40 billion U.S. dollars, the Kuwait Investment Authority may become a major investor .. .</ P> <P> According to the Associated Press reported that Citigroup and Merrill Lynch this week released the latest earnings report, expected to sub-prime crisis will allow both companies huge losses. .The two companies are eager to receive funding from foreign governments to make up for losses. .Previously, sovereign wealth funds has Citigroup, Merrill Lynch, UBS and Morgan Stanley were injected 27 billion U.S. dollars. .Citigroup and Merrill Lynch to seek funding once again move the sub-prime crisis reflects the impact of Wall Street, bigger than expected. .Analysts said the loss of the two companies may be much higher than expected, so had to find additional sources of funding. .</ P> <P>: http://finance. According to people familiar with the matter said Citigroup is currently under discussion in the plan, about 90 billion U.S. dollars in most of the funds most likely to come from China. .Kuwait Investment will invest about 10 billion dollars, 2 billion to 4 billion U.S. dollars of the funds will be raised through public offering. .Prior to the end of November last year, Citigroup Abu Dhabi Investment Authority to obtain the scale of 75 billion capital injection. .</ P> <P> most likely the case in the Citigroup transaction Chinese investors, China Development Bank may be such a bank. .Informed sources have revealed that the amount of CDB's stake could be billions of dollars, shares ways to a variety of combinations. .Negotiations are not over yet, the last also need to be approved by the State Council. .In addition to China, China Development Bank to finance infrastructure projects in China outside the Chinese companies expanding overseas while also providing them with financing. .CDB is not currently listed, it also held the shares in Barclays and other financial institutions. .</ P> <P> Another possibility is a subsidiary of the Chinese government investment agency, although in China, the government funds and "quasi-private capital" (quasi-private money) is often more blurred the boundaries between. .Other potential investors include China, the China Investment Corporation. .CIC is responsible for China's foreign exchange reserves, foreign investment, Morgan Stanley, the company recently invested in 50 million U.S. dollars. .China's State Administration of Foreign Exchange is also directly invest overseas. .</ P> <P> the deal as the capital of China highlighting the growing importance of the exporting country. .The Chinese Government has stressed that foreign investment policy is to avoid the flood of liquidity and boost China's stock market and real estate bubble. .Fred Hu, Managing Director of Goldman Sachs Asia, said: "They want to make money circulation up, because too much capital in China. Because of capital controls, only the government can get the money to overseas investment." </ P> <P> other .Kuwait Investment Authority is expected to be Merrill Lynch and then the main investors in financing transactions, the transaction may be announced this week the first, other investors may come from Europe. .Kuwait Investment Authority, the Wall Street rescue is becoming a major source of funding. .The source said that the Kuwait Investment Authority was the most conservative of sovereign wealth funds, and now, in order to grab the front in the competition, and the credit market crisis in the United States to seize the opportunity, the agency is changing its strategy. .Merrill Lynch and Kuwait Investment Authority no comment. .</ P> <P> at the start of the latest round of financing, the U.S. company's performance of the reporting period has just begun and is expected large U.S. investment banks and brokerage firms will be released, with the subprime mortgage-related writedowns will increase up to .$ 40,000,000,000. .Citigroup and Merrill Lynch's actions will be paying close attention to other agencies. .</ P> <P> JP Morgan Chase is expected to be more positive news on Wednesday. .The bank has not yet been subjected to sub-prime crisis, the most severely affected, the bank will release its expected earnings of 93 cents per share, down 14% over last year. .</ P>.