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

Scraping the barrel

15 January 2008 By Richard Beales

Citigroup s latest capitalraising leaves new investors higher in the pecking order than regular shareholders, perpetually if the stock price doesn t do well. Merrill, meanwhile, is still effectively issuing shares. The difference reflects the companies relative neediness.

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)