The UK's biggest rights issue - the £12.5bn requested by HSBC - is beginning to look like something ...
The UK's biggest rights issue - the £12.5bn requested by HSBC - is beginning to look like something of a turning point in terms of sentiment towards the banking sector. Its successful uptake in early April has been echoed in the US, where a large number of banks have utilised the results of the US government's stress tests released in May to recapitalise. The US government has permitted several banks to repay a combined $68bn to the US Treasury, so freeing them from the Troubled Asset Relief Program (Tarp) constraints. This means that groups such as JPMorgan will be free to operate withou...
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