Bofa And Citi Shares Sink On Stress Test Worries

BofA and Citi shares sink on stress test worries

LONDON (Reuters) - Bank of America needs $34 billion in extra cash, a source familiar with U.S. government stress tests on leading banks told Reuters, unsettling markets and stoking talk of a possible asset sale in China.

Sections:  news   business   
Topics:  bank of america   banks   china   citigroup   stocks   stress test   
RELATED ARTICLES
BING NEWS:
  • Stock-market bulls face test as consumers start to show signs of stress
    As the Fed keeps its key interest rate at a 23-year high, consumers are becoming increasingly stressed, which, if continued, could spell trouble for the ...
    05/5/2024 - 5:00 am | View Link
  • BofA Shares Drop as Charge-Offs for Soured Loans Top Estimates
    Shares of Charlotte, North Carolina-based Bank of America slumped as much as 5% to $34.15 Tuesday morning, their biggest drop in intraday trading in more than a year. They’re up 2.2% this year.
    04/15/2024 - 11:39 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News