Wednesday, May 06, 2009
Here we go, Again!
Reuters: Bank of America to need $34 billion in capital
A possible $34 billion capital shortfall is certain to increase pressure on CEO Kenneth Lewis, who was last week ousted by shareholders as chairman of the biggest U.S. bank. Bank of America spokesman Scott Silvestri declined comment.
Posted by alan @ 10:26 AM (343 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. doomwatch said...
Does anybody trust the "accounts" of these places anymore ? They've all taken on thousands of staff to push debt instruments
to muppets over the last 10 years, so it takes no genius to work out what's going to happen to "resourcing" at these big banks.
The only thing they've learned is to sack staff in big numbers (don't want to attract big headlines). Instead they are sacking a few hundred month by month and not renewing temps and contractors.