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

Lifestyle A new spin on Gulf style

UAE-based fashion designer Ahmed Abdelrahman is realising his vision to make the kandora and other traditional Gulf staples a part… read more