Obsessing About Global Bank Stocks in the Post-Lehman World [View article]
Given the severity and globally spread of the situation its no surprise that all major bank stocks are following the same pattern. Although, European countries, being more socialist inclined, can more easily nationalize their banks.
Also, no banks to do business with, nor major organization for that major if discounting government backed companies.
C and BAC have probably reached their support levels, unless another AIG happens.
Financial Landscape: Writedowns, Losses and Capital Raised [View article]
write down are simple losses. does raising capital mean a dilution of shareholder wealth by increasing the shareholder base? both, write off and capital raising not good for the shareholder in this current environment.
Preview from Europe: How Green Was My Rally [View article]
Obsessing About Global Bank Stocks in the Post-Lehman World [View article]
Also, no banks to do business with, nor major organization for that major if discounting government backed companies.
C and BAC have probably reached their support levels, unless another AIG happens.
Banks: Just a Shadow of Their Former Selves [View article]
Financial Landscape: Writedowns, Losses and Capital Raised [View article]