Bank Of America: We Are So Damn Close
Bank of America said Wednesday that it was "well on its way" towards raising the nearly $34 billion in capital that government regulators said it must do earlier this month to have a buffer for future loan losses.
The beleaguered banking giant said it has raised almost $26 billion since the government announced the results of its so-called "stress-test" program, including $13.5 billion through a stock sale.
Bank of America Has Raised $26 billion [CNN Money]