Bank of America’s $35 Billion Headache
Wednesday, May 6, 2009 : PermalinkReuters – 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.
Tags: bank of america, boa, ceo, federal government, financial regulators, financial-institutions, headache, kenneth lewis, merrill-lynch, new york times, reuters, stress test, wall street, wall-street-journal
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