Tag:
capital raising
Latest Headlines
Latest Headlines
Bank of America close to capital raising target
When Bank of America ( NYSE: BAC ) repaid its TARP borrowings a year ago, the event was hailed a milestone in the bank's bid to return to financial health. A year later, it is close to satisfying the final requirement imposed on its TARP exit: raising $3 billion via asset sales, which the Federa
Dividends, the best source of capital right now?
We've noted that most big banks have fewer options when it comes to capital raising. Public offerings are increasingly hard, given concerns about dilution, among other things. Outside investors have been licking their wounds as their early investments have really tanked. So that leaves asset sales
Shareholders paying for banks' sins
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 a
Winning deals abound
The deal of the decade? Banks seemingly have their hats out. They need capital and pretty darn fast. Washington Mutual merely is the latest ink a capital raising deal. This is one of those Rorschach moments: When you think of the investors, be they sovereign wealth or private equity funds, d
