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wknott@cfl.rr.com

wknott@cfl.rr.com
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  • Preferred stock investors aren't happy about banks buying back their trust preferred shares before the call date and often at face value (despite them trading at premiums), but new capital rules - "a capital treatment event" - allow the lenders to do so. Bank of America (BAC), says JPMorgan's Vivek Juneja, is likely to see the biggest benefit to its bottom line. [View news story]
    A Capital Treatment Event in the offering enables them to do so . Given the current rates wouldn't you do it if you were the banks?
    Oct 9, 2012. 04:32 PM | Likes Like |Link to Comment
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