Investors who supported those bank capital raisings may be regretting it already.
Key numbers from the market turmoil in January this year include 96.2%, the extent by which the market capitalization of RBS had shrunk between mid-year 2007 and January 20 2009, from $120 billion to $4.6 billion. Over the same period Citigroup’s market capitalization fell by 92.5% from $255 billion to $19 billion. Barclays’ market cap fell 91.9%. All that makes HSBC look quite robust for shedding just 54.9%
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