Qatar SWF to invest up to $15 billion in banks

The Qatar Investment Authority will spend between $10 billion and $15 billion buying up stakes in banks, the head of the sovereign wealth fund has revealed.

Sheik Hamad bin Jassim al-Thani, Qatar's prime minister who is also in charge of the fund, told Reuters on Tuesday 26 February that it was set to invest the amount of the next two years.

Hamad also said that the fund would prefer to pledge funds to European banks rather than their US counterparts. "In the US, we need to wait a while. We t

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