Bill Jamieson: Are we heading for a rights issue catastrophe?
Scrutineer
MOST financial advisers are recommending investors should stump up the extra cash for the recent spate of financial sector rights issues. But is it really safe to do so? Royal Bank of Scotland (£12 billion) and HBOS (£4bn) are the giants, with Bradford & Bingley rattling the bowl for £300 million. Other right calls are expected in the sector.
It would be optimistic to expect a 100 per cent take up in every case. Those who hoped that these calls would mark an end to the misery of the banking sector may be underestimating the vulnerability of the sector to further reversals.
The latest ...
The full article contains 914 words and appears in The Scotsman newspaper.
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Last Updated:
19 May 2008 9:50 AM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Royal Bank of Scotland
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Scrutineer
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Bill Jamieson
