FIG in the capital markets: returning home to equity?

There are few things that banks wouldn’t do, if the alternative was to issue new equity. But the old certainties are changing, and this year the ECM market has delivered for banks, both the large and the fragile. While the ECB’s asset quality review has been the spur to issuance, the market is hopeful that even once that has passed, there will be more sales to come, reports Andrew Griffin.