by Calculated Risk on 5/04/2009 12:55:00 PM
Monday, May 04, 2009
Report: Wells Fargo Asked to Raise Capital
From CNBC: Wells Fargo Is Asked to Raise More Capital After Stress Test
Regulators have told Wells Fargo to shore up its finances after government "stress tests" showed the bank would have trouble surviving a deeper recession.The leaks continue ... Citi, BofA, and Wells need to raise capital ... more to come.