UBI rights issue teeters but it’s no HBOS re-run
European equity markets this week faced the prospect of the first failed bank rights issue since the HBOS disaster in 2008. Short-sellers turned on UBI Banca’s Eu1bn stock offering amid the periphery’s latest week of woe, sending the stock perilously close to the rights price.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts