Virtue of necessity

30 April 2008 By Richard Beales

Sure, selling $4.5bn of new shares hardly seems a big deal with RBS going for more than five times that. But at around $25 a share, against $50plus a year ago, it underlines Citi’s sorry state and a new imperative for banks to show they have at least as much capital as rivals.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)