Two more large banks raised capital overnight, in an indication that banks and investors can reach terms to stabilise the sector in the wake of the liquidity crunch. Washington Mutual, the largest savings and loan group in the United States, sold US$7 billion in ordinary shares and convertible preference shares. WaMu is the largest savings and loans institution in the US.The company said it expected to make a loss of US$1.1 billion in the first quarter of 2008 and that it would cut its quarterly dividend to one cent a share, from 15 cents, the Financial Times reported.Reuters reported that Barclays Bank overnight sold US$2.5 billion in perpetual preference shares.