Industry NewsMortgage

Report: BofA, Citi told to raise capital

Banks expected to appeal stress tests
Published on Apr 28, 2009

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by CareyBot

Results of the government's "stress tests" of the ability of 19 banks that hold more than half of U.S. loans to sustain losses through 2010 won't be made public until the week of May 4, but Citigroup Inc. and Bank of America are reportedly among those that may need to raise more capital.

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