Bank of America, Citigroup Need More Cash
A report in today's Wall St Journal says that Bank of America and Citigroup, who have already received $45 billion each in government bailout funds, have been told by regulators that "stress test" results show they may need to raise additional capital.
Apparently, executives of both banks are disputing the regulators findings, but then again they would wouldn't they?
Citigroup's shares are down 88% in the past year whilst BoA's are down 75%.
Apparently, executives of both banks are disputing the regulators findings, but then again they would wouldn't they?
Citigroup's shares are down 88% in the past year whilst BoA's are down 75%.
