News Focus
News Focus
Followers 141
Posts 35162
Boards Moderated 4
Alias Born 08/24/2003

Re: 3xBuBu post# 45238

Wednesday, 05/06/2009 6:10:06 PM

Wednesday, May 06, 2009 6:10:06 PM

Post# of 72997
Citi, GMAC, Wells Need to Raise New Capital
The results of the government's stress tests of the largest 19 U.S. banks continued to trickle out, highlighting the burgeoning gaps between the industry's strong and weak players.

Among the institutions that have been instructed by the Federal Reserve to raise more capital are Wells Fargo, Morgan Stanley, GMAC, State Street, Bank of America, Citigroup and Regions Financial.

Banks that don't need fatter capital cushions include Capital One, American Express, Bank of New York Mellon, Goldman Sachs, MetLife and J.P. Morgan Chase.

http://online.wsj.com/article/SB124163049445592523.html#mod=djemalertDEALS

"The Chinese use two brush strokes to write the word 'crisis.' One brush stroke stands for
danger; the other for opportunity. In a crisis, be aware of the danger - but recognize the opportunity." -J. Kennedy

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today