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Now that they've got the bank stocks up nicely from their lows, the orchestrated leaks of the de-stress test results begin to come out, in advance of the official May 4 public release date.
Still cannot understand why these companies didn't raise more capital on the backs of 1st Q results...as Goldman did. Perhaps Ken Lewis and Vikram Pandit were/are just a wee bit distracted by other, more immediate problems? :rolleyes:
Still cannot understand why these companies didn't raise more capital on the backs of 1st Q results...as Goldman did. Perhaps Ken Lewis and Vikram Pandit were/are just a wee bit distracted by other, more immediate problems? :rolleyes:
Citigroup, Bank of America Decline on Capital Report
April 28 (Bloomberg) -- Citigroup Inc. and Bank of America Corp. fell in New York trading on concern the companies may be forced by regulators to raise additional capital.
Bank of America declined 13 percent to $7.80 and Citigroup dropped 8.5 percent to $2.81 after the Wall Street Journal said early results of the government’s so-called stress tests show the banks may need more capital. Company executives are meeting with regulators to dispute the findings, the Journal said, citing unidentified people with knowledge of the matter...
April 28 (Bloomberg) -- Citigroup Inc. and Bank of America Corp. fell in New York trading on concern the companies may be forced by regulators to raise additional capital.
Bank of America declined 13 percent to $7.80 and Citigroup dropped 8.5 percent to $2.81 after the Wall Street Journal said early results of the government’s so-called stress tests show the banks may need more capital. Company executives are meeting with regulators to dispute the findings, the Journal said, citing unidentified people with knowledge of the matter...
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