10 Major Banks Need More Capital
Although the exact number is being debated, about 10 of the 19 banks involved in the government's stress tests need to boost their capital, sources said. Bank of America, Citigroup, Wells Fargo and regional banks are expected to be on the list. By raising capital, the financial sector might curb investor concerns. However, investor fears already seem to be abating as bank stocks soared Monday.
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posted by Victor Lloyd Smith @ 10:19 AM
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