Equity investors love banks
Société Générale will take the amount of equity raised by French banks to over Eu9bn when the lender’s Eu4.8bn rights issue launches on Thursday. The deal was announced one week after BNP Paribas’s Eu4.3bn capital raising — but that is just the beginning: SG’s researchers predict Eu113bn worth of deals from Europe’s banks over the next two years. Is that figure realistic? Turn to EuroWeek on Friday.
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