Bloomberg – Hedge funds provided as much as 40 percent of the money raised this year by U.S. and European banks as they sought to offset losses and meet government capital requirements, according to Morgan Stanley.
Financial firms have raised about $200 billion from common stock and rights offerings so far this year, data compiled by Bloomberg show. Financial companies around the world have taken more than $1.7 trillion in writedowns and credit losses since the crisis began in mid-2007.
