We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Back fires

28 January 2009 By Lauren Silva

The price reset mechanism protecting investors in Barclays’ recent capitalraising isn t as onerous as those in earlier US bank deals. But ratchets discourage future investment, cutting off access to crucial capital in a crisis. Banks, in particular, should steer clear.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)