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For more on bank rights issues see: European banks go it alone |
It was all going so smoothly. Shareholders were supporting bank rights issues, governments were getting their capital repaid, and then along came Dutch financial group ING to remind everyone of the risks. The company’s shares fell 21% in the four days after it announced a €7.5 billion rights issue and divestment strategy to repay the Dutch state on October 26, dragging other European bank stocks with it.
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