Monday, 25 January 2010
Obama bank plan unattractive for investors-Habtoor
Khalaf al-Habtoor, chairman of the Habtoor Group, said Obama's proposals to split traditional banking activities from riskier areas had destabilised the markets.
The company, one of the United Arab Emirates' largest family businesses, was one of several Middle East investors that bought into Barclays in 2008 as the lender looked to boost its capital to weather the financial crisis.
Speaking to Reuters on Monday, Habtoor said the group was no longer looking at the financial sector.
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