BofA & Citibank May Fail Stress Test?
Regulators reportedly tell BofA, Citigroup to raise capital
Federal regulators have told executives at Citigroup and Bank of America that the preliminary results of the government's stress tests indicate the banks need to increase their capital, sources said. Executives at the two banks are planning a detailed response, but they are already objecting to the stress-test conclusions. Officials appear to be using the findings to send a message to bank executives, according to this article.
Federal regulators have told executives at Citigroup and Bank of America that the preliminary results of the government's stress tests indicate the banks need to increase their capital, sources said. Executives at the two banks are planning a detailed response, but they are already objecting to the stress-test conclusions. Officials appear to be using the findings to send a message to bank executives, according to this article.
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posted by Victor Lloyd Smith @ 2:43 PM
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