Monday, May 11, 2009

Banks raising new capital for differing reasons

Seems like everyone os selling these days! Selling new shares that is. From raising money because of the stress test to raising money to repay TARP funds,From the WSJ Banks Rush to Raise Capital:"Wells Fargo and Morgan Stanley were among the first banks on Thursday to rush to raise capital following preliminary statements by the Federal Reserve. Wells Fargo said it would offer $6 billion in

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