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Real Estate & Property Law

: Housing Wire

BofA Needs $80 Billion in Fresh Capital: Analyst

By PAUL JACKSON

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Friedman, Billings, Ramsey analyst Paul Miller made waves Tuesday by suggesting that Bank of America Corp. (BAC: 6.45 +26.47%) needs more than $80 billion in new common equity capital, thanks to a ballooning balance sheet of assets tied to its acquisitions of Countrywide Financial and Merrill Lynch. Miller suggested that BofA would also need to [...]

Full post as published by Housing Wire on January 21, 2009 (boomark / email).

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