http://bloomberg.com/apps/news?pid=20601087&sid=aA5X3dkyymvw&refer=home
Bank of America Said to Need About $34 Billion in New Capital
http://www.nytimes.com/2009/05/06/business/06stress.html?hp
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.
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Both the Wall Street Journal and Reuters are reporting that there is a gap that BoA has to fill.
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