Though the common stock of many banking companies has enjoyed a cautious revival, other funding instruments are getting hammered as investors factor in default risk.

Concerns are mounting that the government could arm-twist preferred shareholders and bondholders to convert their holdings to common stock to shore up tangible common equity.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.