Investors On Losing End When Banks Raise Capital
Telegraph - Herald (Dubuque) › May 07, 2008
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Summary
NEW YORK - Financial company shareholders must feel like second- class citizens now, given how they are being treated as some banks raise capital.
It's bad enough that investors in National City Corp. and Washington Mutual Inc. have seen their stock holdings plunge in value and dividends crimped because of the huge losses caused by the housing slump and credit crisis.See the full content of this document
Extract
Investors On Losing End When Banks Raise Capital
Now comes the next hit: Their ownership stakes are shrinking as companies use heavily discounted shares to woo new investors who often see immediate paper profits at existing shareholders'e...
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