Bank Capitalization Datapoint of the Day

Posted on January 19, 2009 by Felix

From Robert Peston:

Barclays’ share price has fallen again today. At the current price of 90p, this bank’s entire market value is ߣ7.5bn. And remember, this is a bank that said on Friday night that its profits for 2008 were considerably more than ߣ5.3bn.

Expect more carnage in US bank stocks when markets reopen tomorrow.

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