Posts Tagged ‘bank of america’

GRAPHIC: Despite Boost, Bank Value Dwindle (Wash Post)

Thursday, January 29th, 2009

[Editor's note: This graphic in yesterday's Washington Post business section was all the buzz in Washington as Congress passed its latest bail out bill. Outstanding graphic by staff artist Todd Lindaman.]

Republished from The Washington Post. January 28, 2009.
Related A1 article by David Cho: Treasury Weighs Hard Choices To Save Banks.

Investors have fled from the world’s largest banks. Tumbling stock prices have dropped the likes of Citigroup and HSBC from lists of the world’s most valuable companies, as measured by market value. The depreciated prices leave banks more vulnerable because it doesn’t take as much money to buy a majority stake. That has forced a debate about whether governments trying to help banks should simply nationalize them.

View larger image.

SOURCE: Bloomberg, photo by Associated Press | Reporting By Binyamin Appelbaum – The Washington Post – January 28, 2009.