BofA nearing stress test target (Dealscape

Bank of America Corp. said Wednesday it has raised nearly $26 billion through a series of efforts and is on its way toward reaching the $33.9 billion its stress test results deemed necessary.

A $5.9 billion conversion of preferred stock and measures announced earlier this month have enabled the company to come up with nearly $26 billion of Tier 1 capital, or 76% of the threshold regulators set to ensure adequate capitalization, the Charlotte, N.C.-based bank said in a statement.

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NOT A SUBSCRIBER? BofA nearing stress test target Posted on May 27, 2009 3:30 PM Bank of America Corp. said Wednesday it has raised nearly $26 billion through a series of efforts and is on its way toward reaching the $33.9 billion its stress test results deemed necessary. A $5.9 billion conversion of preferred stock and measures announced earlier this month have enabled the company to come up with nearly $26 billion of Tier 1 capital, or 76% of the threshold regulators set to ensure adequate capitalization, the Charlotte, N.C.-based bank said in a statement. 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. 294 in-depth reports of Auctions in the Financial Services sector 142 in-depth transaction records for Bank of America Corp. 17 in-depth reports of Reorganization plans in the Financial Services sector 16 company pages for Bank of America 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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