TITLE

Zions Aims to Lift Common Equity

PUB. DATE
November 2009
SOURCE
American Banker;11/24/2009, Vol. 174 Issue 211, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a November 2009 announcement from Zions Bancorp Inc. In the announcement the firm indicated that it plans to swap about $140 million of preferred shares for up to seven million common shares in an effort to increase its common equity levels. The company also indicated that it would would hedge some of its securities portfolio to make its balance sheet more asset sensitive.
ACCESSION #
45511544

 

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