total wipeout.FDIC takin' a big hit on this bad boy.
Simply tells me that the preferred is tied to interst rates, and, when rates start creeping up (as they have), the preferred goes down. Though I hear constat chatter about the "FDIC" I still have yet to see a single reputable source to say that the FDIC is involved with CBC at this point.
zoiks... are you an executive w/CBC?sounds like it.
The preferred does not pay any interest.The FDIC just shows up on Friday , they do not get involved .
This tells me the end is near,