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Last month, Wells Fargo said it would raise up to $20 billion primarily by selling common shares. But then came the TARP, and the San Francisco-based bank was required to raise $25 billion by selling... Read more...
The latest rumor regarding Lehman Brothers is that it is mulling a sale of its entire asset management unit, not just Neuberger & Berman. This would not be a... Read more...
Can you imagine an accounting rule that would force banks to put up to $5,000 billion (according to Citigroup analysts) in debt on their balance sheets right now? That... Read more...
Capital is the No. 1 need in the industry right. But where is it going to come from? According to the New York Times, Goldman Sachs has taken a look at 52 fund-raising efforts and found that... Read more...