Have been thinking about yesterdays announcements today - some of my initial figures were wrong for the amounts raised in total; check out below the fund raising by the UK clearing banks in the past 18 months, their valuations and shareprices:
RBS - Raised £62 billion
Current market cap - £20 billion
Current Shareprice - 35p (18 months ago 368p)
Lloyds/HBOS - Raised £35 billion (or in process, includes goodwill from HBOS merger))
Current market cap - £23.46 billion
Current Shareprice 86p (18 months ago was 442p)
Barclays - Raised £7 billion
Current market cap - £38.47 billion
Current Shareprice - 323p (was 453p)
HSBC - Raised £12.5 billion
Current market cap - £117 billion
Current shareprice - 677p (was 850P)
When you consider the market used to think that HSBC and Lloyds were the conservative banks, Barclays in the middle with RBS and HBOS as the most risky; how wrong the sentiment was.