Bill Ackman Says Banks Are Less Leveraged Now

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Bill Ackman of Pershing Square Capital spoke at the Value Investing Congress, and said that the banks have marked down their books much more aggressively than in the past. He mentioned Citigroup
C
and Bank of America
BAC
as being two examples who have marked down books tremendously.
Posted In: Hedge FundsMovers & ShakersBill AckmanFinancialsOther Diversified Financial ServicesPershing SquareValue Investing Congress
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