CLS raises £160 million capital from shareholders
Foreign exchange settlement risk mitigation utility CLS has completed a landmark capital raise of £160 million from its shareholders, as it seeks to meet demanding new capital requirements set by international regulators, and to fund further growth and development of its services.
The majority of CLS's 75 bank shareholders are understood to have contributed to the capital raise, which was completed on November 28. Members were first notified of the firm's need for capital in September. JP Morgan
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