Relax people. Its the Debt to Equity being priced in. IF the banks get 90% equity or something then the MAX the share could EVER be worth is like 50c (NTA of $6). I reckon BNBG at the mo is a better buy, because if banks do D2E the group can be assured survival and their notes will go down in yield (up in price) when their credit ratings are upped.
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be worth 10 cents or a dollar, page-23
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