Wednesday, Jan 30, 2008
There may be trouble ahead.....
FT Alphaville: Rights issue ahead for Barclays and RBS says Citi
Just thought this would be of interest while on the subject of rights issues...... Dont suppose the Citi boys are too upset!
Posted by techieman @ 04:25 PM (422 views) Add Comment
3 Comments
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1. happyrenterz said...
The FT post has a comment to this blog which has the scary pic below
2. happyrenterz said...
hmm pic doesn't appear any take a look at the link
3. paul said...
So, erm, lets put this in laymen's terms (for me in other words!).
Banks used to have reserves but now they've got none, so they're utterly dependent on government reserves to fund their business models like no other time in history. Did I get the gist?