{"id":7901,"date":"2008-06-16T00:00:00","date_gmt":"2008-06-16T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"embattled-ubs-wraps-up-bumper-rights-issue","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/embattled-ubs-wraps-up-bumper-rights-issue.html","title":{"rendered":"Embattled UBS wraps up bumper rights issue"},"content":{"rendered":"<p>FRANKFURT (Reuters)- UBS has wrapped up a 16 billion franc rights issue, the Swiss bank&#8217;s second effort to resuscitate finances that have been ravaged by the global markets crisis. <\/p>\n<p>It is the latest in a line of major banks including Britain&#8217;s Royal Bank of Scotland and HBOS and France&#8217;s Credit Agricole to go cap in hand to shareholders. In total, European banks are raising more than $40 billion from shell-shocked investors.<\/p>\n<p>UBS said on Friday 99.4 percent of the issue was taken up but one analyst pointed to what he said was UBS&#8217;s weak stock performance during the rights trading. &quot;It has been weak ever since they announced the rights issue,&quot; said Peter Thorne, an analyst with Helvea.<a href=\"http:\/\/feeds.feedburner.com\/~a\/reuters\/UKFundsNews?a=JsjxlE\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~a\/reuters\/UKFundsNews?i=JsjxlE\" border=\"0\" \/><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/310978769\" width=\"1\" border=\"0\" \/><br \/><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/310978769\/idUKGRI32648420080613\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FRANKFURT (Reuters)- UBS has wrapped up a 16 billion franc rights issue, the Swiss bank&#8217;s second effort to resuscitate finances that have been ravaged by the global markets crisis. It is the latest in a line of major banks including [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[607,867,242,597,117,90,866,753,83,600,112],"class_list":["post-7901","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-clothing-retailer","tag-consequences","tag-img-src","tag-intangible-assets","tag-investment-arm","tag-legg-mason","tag-levies","tag-market-abuse","tag-medallion","tag-royal-bank-of-scotland","tag-summer-intern"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7901"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7901\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}