Reuters – Spain’s struggling saving’s banks, or cajas, have held talks with major hedge funds and private equity groups to try to raise 15 billion euros ($21 billion) in fresh capital to avoid a bail-out, the Financial Times said on Friday.
U.S. hedge fund Paulson & Co and buy-out groups Cerberus CBS.UL and Apax Partners APAX.UL have held meetings with several cajas to discuss possible investments, the paper said.
