Banks have been a capital raising binge of late. Banks big and small are busy issuing more stock, of various types, and cutting their dividends--even as they look for big investors. Fifth Third and KeyCorp were among the regional banks that joined the trend recently. Things likely will get worse as other asset classes, such as constructions and small business-type loans, start to feel the heat of rising delinquencies. Unfortunately, as the AP reports, the losers in all this are shareholders. The article notes that 16 banks have cut dividends this year. All agree that more capital raising measures are necessary, so we may be in for more of the same. Perhaps this is one reason (of several) why some analysts have discerned some capitulation on the part of Mr. Market.  

For more:
- here's the AP article on capital issues

Related Articles:
Capital raising to get harder for commercial banks
Regional banks sharing the misery