It used to be a somewhat famous bank trading up to $70/s and now it’s a $3/s.
They are still trying to do a turnaround but it’s been more than a decade and it’s been nothing but a huge downhill.
I see they are rasing cash through bonds at like 7%.
The news are not looking good but maybe it gets bought? Several large investors seem to want to help. Saudi king, Qatar etc.
Anyone betting on this stock that maybe it can pull through? Risky bet for sure.
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