all the other banks did. What if their portion is $500mm and they take it in Q4...that changes things.
The only press release yesterday was for another capital raise through floating rate bonds.
So, they sell KO stock at $40yr div loss
they do a preferred offering a few weeks go for $500mm at a $30mm a yr expense
now they do yet another capital raise?
#$%$ is going on with this dog. They preach cost cutting and all they are doing is secondaries.