Tuesday 02, June 2009 by

Bank of America raises $26 billion in capital

Bank of America said it has raised almost $26 billion in its capital plan since the stress test results were announced and is well on its way to reaching the $33.9 billion indicated Supervisory Capital Assessment Program (SCAP) buffer set by the Federal Reserve.

Features & Analyses

Consumer Banking Commitment to the people

Banker Middle East’s Retail Banker of the Year, Hamed Fayez, Senior Executive Vice President, Head of Retail Banking Group at… read more