RBS G SERIES PREFS: I READ THE TEA LEAVES – I BUY by Caleb Watts CFA & FRM – posted first on iBankCoin Pref shares are not everyone’s bag, especially is an equity centric investment world. Regardless, prefs hold an important place in the capital structure, ahead of equity in terms of ranking, but behind debt. Prefs are typically issued with a par value of $25. Bank equity has has an awful start in 2016, globally. Instrument selection can be as important as sector selection. Royal Bank of Scotland (RBS) had issues well ahead of the 2008-2009 Global Financial Crisis (GFC)….
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