Banking stocks rebound

Banking shares rebounded today as investors bet that Royal Bank of Scotland and HBOS will complete their fundraising rights issues.

Banking stocks rebound
Thu, 05 Jun, 2008 - 12:39

Banking shares rebounded today as investors bet that Royal Bank of Scotland and HBOS will complete their fundraising rights issues.

A note from broker Citi suggesting recent falls in RBS shares looked excessive also breathed some life into the beleaguered sector.

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