Banks raise less money from debt and equity deals in August Capital markets issuance by U.S. banks fell to $4.65 billion in August, down nearly 28% from year-ago levels and a drop of 64% from July, SP Global Market Intelligence said Tuesday. Senior debt remained the largest deal type in August with $3.2 billion, down 72% from July''s total of about $12 billion. Issuance of subordinated debt, preferred equity and common equity by banks were all well under $1 billion each. State Street Corp. and Huntington Bancshares Inc. ranked as the largest U.S. public bank issuers in August with $750 million in senior debt offerings each, SP said. In another sizeable deal, KeyCorp raised $600 million in preferred equity during the months. Shares of State Street Corp. are down 25.3% in 2022, while Huntington Bancshares Inc. is off by 9.8% this year, while the KBW Nasdaq Bank Index is down 19.8% and the Financial Select SPDR ETF is down by 15.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.