capital

UBS has announced that it expects further massive hits from the credit crisis and subprime meltdown to affect its quarterly earnings to be released soon. However, after raising a huge amount of equity capital, the company is…

Fortis, the Dutch-Belgian banking giant under pressure to shed assets because of the credit crisis, has disposed of part of its ABN Amro acquisition. Deutsche Bank has acquired the assets for 709 million Euros, according to a report in the…

UPDATE 26 SEP 2008: I have a new story on Fortis and its troubles. Please click here. The Times of London is reporting that Fortis, a Belgian-Dutch bank is issuing an 'urgent' cash call of €1.5 billion. Fortis has been hard hit by the…

Troubled regional Financial Fifth Third is looking to sell assets along with cutting its dividend and raising capital in order to shore up its balance sheet. The company announced it was looking into asset sales when it announced its…

Barclays was successful in raising the money it needed. It was able to avoid a rights issue with the attendant problems that HBOS has faced by going cap in hand to Asia and the Middle East. In the end, it was the Qatar Investment Authority…

It's about time! I've been saying this day was sure to come and it couldn't arrive soon enough. After pouring over $300 billion of good money after bad, investors are perhaps saying enough is enough.The Wall Street Journal is reporting…

According to Reuters, a Goldman Sachs industry analyst team led by Richard Ramsdenhas issued a report suggesting that global financial institutions are short an additional $65 billion of capital. Banks have raised over $300 billion in…

and cut dividend. Regionals across the country are now suffering. The second leg down for financials has truly begun. I warned on Fifth Third this past Thursday in What's happening at Fifth Third? See new story here. Update: 9:19 EDT…

The Financial Times' blog Alphaville is reporting today that those investors who ponied up for shares in financial institutions after the financials wrote down billions and needed additional capital - those investors - lost $10 billion!…

European banks are still in need of time or money to recapitalise their weak balance sheets. This has to be especially worrying for UK banks as they have raised a significant amount of capital and their housing market has yet to see the…