Buyers of $22 Billion Bank Securities Are Trapped in Losing Bet
A $22 billion group of US bank preferred shares has been slumping harder than even the riskiest junk bonds this year — and investors have no good way out of the trade.
<p>A $22 billion group of US bank preferred shares has been slumping harder than even the riskiest junk bonds this year — and investors have no good way out of the trade.</p>