Comment on Bank Of America And Citi Fail Stress Test

Bank Of America And Citi Fail Stress Test

Bank Of America And Citi Fail Stress Test

So begins the tricky process of rolling out stress test results... The dance starts with a leak to the WSJ. Word is that the Federal Reserve has told Citigroup (C) and Bank of America (BAC) that they'll both need to raise billions more in order to be adequately capitalized. Neither is a huge surprise.

 

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