Description: Banks from Citigroup Inc. (C) in the U.S. to BNP Paribas SA (BNP) in France are racing to shed assets and raise money ahead of new global capital rules that start taking effect in 2015. For Canadian lenders, these moves have created the opportunity to go on a shopping spree.
Date: May 02, 2012
Questions for Discussions:
- Summarize the status of banks, as reported in this article.
- What does the future look like in the next year or so?
- What would you recommend to investors and managers of banks?