May 2009 Corrections Page

 

Bank of America's (BAC:NYSE) regulators have told the company it needs $33.9 billion in capital to withstand a worsening economy, according to The New York Times. The company can satisfy the requirement in a number of ways, including by converting the federal government's $45 billion preferred equity stake into common shares, the Times said. A May 6 article, Wednesday's Headlines: BofA and Capital, incorrectly stated that published reports said Bank of America might need to raise about $34 billion in new capital. TheStreet.com regrets the error. (Corrected May 6)


  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
This article was written by a staff member of TheStreet.com.




Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,023.42 1,069.30 2,112.44 35.03
Oil *
76.05
UP
17.46
UP
2.67
UP
7.12
DOWN
0.30
10 Yr
3.50%
SPDR Gold
107.43
+0.17%
+0.25%
+0.34%
-0.85%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services