Bank of America sells $13.5B of stock (Dealscape

Bank of America Corp. said late Tuesday that it raised $13.47 billion by selling new stock as it works to meet the cash requirements of regulators.

Combined with its $7.3 billion sale of its stake in China Construction Bank Corp. on May 12, the Charlotte, N.C., banking titan is more than halfway to raising the $34 billion that the Federal Reserve and the U.S. Treasury said it needs.

This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools.

To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button.

Dig deeper, with Pipeline.

470 in-depth transaction records for Bank of America
346 in-depth reports of Bankruptcies in the Financial Services sector
54 articles related to China Construction Bank Corp.
17 in-depth reports of Reorganization plans in the Financial Services sector
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Idearc Inc.
Skadden Arps
Deutsche Bank
Concho Resources
Windstream Corp.
Cantor Fitzgerald
Pinnacle Foods
Lazard
Diedrich Coffee
MBIA Inc.

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? Bank of America sells $13.5B of stock Posted on May 20, 2009 12:50 PM Bank of America Corp. said late Tuesday that it raised $13.47 billion by selling new stock as it works to meet the cash requirements of regulators. Combined with its $7.3 billion sale of its stake in China Construction Bank Corp. on May 12, the Charlotte, N.C., banking titan is more than halfway to raising the $34 billion that the Federal Reserve and the U.S. Treasury said it needs. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 470 in-depth transaction records for Bank of America 346 in-depth reports of Bankruptcies in the Financial Services sector 54 articles related to China Construction Bank Corp. 17 in-depth reports of Reorganization plans in the Financial Services sector 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Idearc Inc. Skadden Arps Deutsche Bank Concho Resources Windstream Corp. Cantor Fitzgerald Pinnacle Foods Lazard Diedrich Coffee MBIA Inc.		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.