The three U.S. banks assembling a super fund aimed at alleviating the global credit crunch are scaling back its size due to a lack of interest from the financial firms it's supposed to help, the Wall Street Journal said in its online edition, citing sources familiar with the matter.
The fund -- originally viewed as a $100 billion fund which would buy assets from struggling investment vehicles -- may now end up being half that size, the Journal said.
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Sources familiar with the banks' plans said they are proceeding with the fund despite the smaller size, the Journal said.
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