May 6th, 2009 - Bloomberg
May 6 (Bloomberg) -- Bank of America Corp., Citigroup Inc.,Wells Fargo & Co. and GMAC LLC are among the companies judged toneed additional capital according to results of regulators’stress tests on the 19 largest U.S. banks.
Bank of America has the biggest shortfall, at $34 billion,according to people familiar with the matter. Citigroup’srequirement for deeper reserves to offset potential losses overthe coming two years is about $5 billion, people with knowledgeof that bank’s results said. Wells Fargo requires about $15billion, while GMAC’s need is $11.5 billion, one person said.
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Capital Roundup: BofA, Citi, Wells, Regions, GMAC Need Funds
May 6th, 2009 - Wall Street Journal
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May 6th, 2009 - MSNBC
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