The stock of banks is low and it is easy to understand why (Daily Telegraph)
Story date: 2008-05-15 05:16:42
Added on: 2008-05-15 22:10:32
THE conventional wisdom in financial markets is that the time to move back into bank stocks is just after a slew of rights issues has depressed prices. In the past week, Royal Bank of Scotland, HBOS and Barclays have all fallen by around 10pc, and most of the banks in obvious need of capital due to credit losses have either announced or completed rights issues.
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