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HomeBloomberg’s Jonathan Weil Believes BofA and Citi Need More Capital
Posted by Larry Doyle on June 17th, 2011 3:41 PM |
Earlier this week, I inquired of BofA Shareholders, ‘How Long Can You Tread Water?’ and asked whether BofA may need more capital.
BofA’s CEO Brian Moynihan maintains that the institution does not. He stated as much earlier this month in a commentary in the Charlotte Observer,
Bank of America Corp. chief executive Brian Moynihan insisted Wednesday that his company won’t have to raise additional capital as it absorbs mortgage-related losses. (more…)
