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Exchange offer
Latest Headlines
Latest Headlines
How much will Bank of America need?
The timing couldn't have been worse. As angry shareholders were preparing to convene, the news trickled out: Bank of America's stress results were not great, requiring billions more in capital. But how much more? An early estimate comes from Freidman, Billings, Ramsey analysts, who reckon the bank
Taxpayers to take a bath on Citigroup, post-exchange?
Exchange offers have been touted as way to for the government to help banks enhance their capital positions without having to inject more capital. This is something taxpayers may not stand for, and you can't blame them. There is no guarantee taxpayers will not take a huge bath on its forced "inves
More exchange offers for Bank of America
Is anyone surprised by the Oppenheimer report that found Bank of America may need to raise up to $36 billion in capital to gets its tangible capital equity ratios in line with peers? The analysis assumes a poor first quarter, with enough write-downs to send Bank of America's ratio, of tangible com
