by Calculated Risk on 5/06/2009 12:15:00 PM
Wednesday, May 06, 2009
Report: Wells Fargo Needs $15 Billion in Capital
From Bloomberg: Wells Fargo Said to Need $15 Billion in New Capital
Wells Fargo & Co., the fourth-largest U.S. bank by assets, requires about $15 billion in new capital as a result of regulators’ stress test on the lender ...The leaks just keep coming ...
JPMorgan Chase & Co. doesn’t need to raise its capital, people with knowledge of its results said, while Goldman Sachs Group Inc. and Bank of New York Mellon Corp. have taken actions that suggest they also passed their reviews.