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BofA, Citi May Need to Boost Capital: WSJ

By DIANA GOLOBAY

Bank of America (BAC: 8.45 -5.27%) and Citigroup (C: 2.92 -4.89%) may face regulator pressure to raise billions of dollars in capital after the government-imposed stress tests of the 19 largest US banks, unnamed sources told the Wall Street Journal. The banks, both recipients of  $45bn through the Treasury Department’s Troubled Asset Relief Program, did not release official [...]

Full post as published by Housing Wire on April 28, 2009 (boomark / email).