Wednesday, May 6, 2009

Bank of America Capital

Bank of America Said to Need About $34 Billion in New Capital

U.S. Says Bank of America Needs $33.9 Billion Cushion

"Mr. Alphin said since the government figure is less than the $45 billion provided to Bank of America, the bank will now start looking at ways of repaying the $11 billion difference over time to the government."

This almost makes it sound like BoA has too much capital. Based on this paragraph, I am not certain about what the bank has to do. I'm sure clarification will drip out. This dissemination of information is a joke.

1 comment:

MK said...

Both the Wall Street Journal and Reuters are reporting that there is a gap that BoA has to fill.