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Real Estate & Property Law

: Housing Wire

Shortfalls Remain at Citi, BofA

By DIANA GOLOBAY

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Citigroup (C: 3.20 +7.74%) and Bank of America (BAC: 10.38 +19.31%), two of the largest financial firms reported to lack necessary capital under federal regulators’ stress tests, are racing to raise more than $10bn apiece in private capital. The inner-circle moves are meant to come as a supplement beyond the billions of dollars in TARP funds [...]

Full post as published by Housing Wire on May 04, 2009 (boomark / email).

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