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Bank of America’s $35 Billion Headache

Reuters – Bank of America CEO Kenneth Lewis is facing a $35 billion headache this morning after financial regulators informed the bank that was the figure it need to find now to pass the so-called stress test for viable financial institutions, the Wall Street Journal and New York Times report.

BoA already has received $45 billion in capital from the federal government, some of it to cover the disastrous purchase of Merrill Lynch.

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