Published Nov 12, 2026, 6:45 AM ET · Updated a day ago · 1 source

Buyers of $22 Billion Bank Securities Are Trapped in Losing Bet

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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.