Global Writedowns vs. Capital Raised

According to Bloomberg data, capital raised now exceeds global writedowns, and this may be a strong signal for the market that the banking sector has rounded the corner on the credit market debacle. During the previous month capital raised was trailing writedowns by around 50%, but during the last month saw quite a substantial jump bringing the totals to Capital Raised $690-billion vs. Writedowns $684-billion.

Global Writedowns vs. Capital Raised

Chart: Bespoke Investment Group

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