Big banks likely to need capital (Dealscape

On the eve of the Treasury Department revealing the results of its bank stress test, reports say Bank of America Corp. is going to need $34 billion in extra capital and Citigroup Inc. will need to raise between $5 billion and $10 billion.

According to The New York Times on Wednesday, if Bank of America is unable to raise the capital cushion by selling assets or stock, it would have to rely on the government, which has already shelled out $45 billion in capital through the Troubled Asset Relief Program.

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725 articles related to Citigroup Inc. from the past year
468 articles related to Bank of America Corp. from the past year
338 in-depth reports of active Bankruptcies in the Financial Services sector
279 in-depth reports of PE deals in the Financial Services sector from the past year
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NOT A SUBSCRIBER? Big banks likely to need capital Posted on May 6, 2009 3:30 PM On the eve of the Treasury Department revealing the results of its bank stress test, reports say Bank of America Corp. is going to need $34 billion in extra capital and Citigroup Inc. will need to raise between $5 billion and $10 billion. According to The New York Times on Wednesday, if Bank of America is unable to raise the capital cushion by selling assets or stock, it would have to rely on the government, which has already shelled out $45 billion in capital through the Troubled Asset Relief Program. 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. 725 articles related to Citigroup Inc. from the past year 468 articles related to Bank of America Corp. from the past year 338 in-depth reports of active Bankruptcies in the Financial Services sector 279 in-depth reports of PE deals in the Financial Services sector from the past year 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Amusement parks Deb Shops Windstream Corp. Diedrich Coffee Hanna Andersson Tween Brands Entertainment Lazard Lyondell Chemical		EXISTING USERS Username Password Forget your password? Missing a product?

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