MAURO MAGNANI's ReBlog

Le nuove tribù promuovono nuove infrastrutture di accesso alla Rete. L'innovazione la promuovono i Cittadini; siamo noi quelli che stiamo aspettando.

    • Edit
    • Delete
    • Tags
    • Autopost

    BofA Faces $34 Billion Gap - WSJ.com

    Regulators have told Bank of America Corp. that the company needs to take steps to address a roughly $34 billion capital shortfall based on results of the government's stress tests, according to people familiar with the situation.

    The exact amount of the needed infusion couldn't be determined late Tuesday, and Bank of America officials either declined to comment or couldn't be reached.

    Regulators began notifying the 19 financial companies subjected to the government tests of the results Tuesday.

    An official announcement is expected after the close of U.S. stock-market trading Thursday.

    [Bank of America Chief Executive Kenneth Lewis.] Reuters

    Bank of America Chief Executive Kenneth Lewis.

    At Bank of America, the government's findings are likely to set off a scramble over how to fill the capital hole at the nation's largest bank in assets.

    The Charlotte, N.C., bank already has received $45 billion in capital from the federal government, some of it to help the bank cover losses stemming from its purchase of securities firm Merrill Lynch & Co. in January.

    via online.wsj.com

    • 6 May 2009
    • Views
    • 0 Comments
    • Permalink
    • Tweet
    • 0 responses
    • Like
    • Comment
  • Mauro Magnani's ReBlog's Space

    Condivisione di buoni prodotti della Rete.

    Contributed by Mauro Magnani

    • Contributors
    • maxanna Mauro Magnani
  • About Mauro Magnani's ReBlog

    Condivisione di buoni prodotti della Rete.

  • Subscribe via RSS
  • Sites I Like

    • MIRANO Community Network - LABORATORIO DI SOCIAL NETWORKING ED INFORMAZIONE IPERLOCALE

    Follow Me

      TwitterFacebookLinkedInYoutubeTumblrmetaweblog

Theme created for Posterous by Obox