by Calculated Risk on 5/07/2009 03:32:00 PM
Thursday, May 07, 2009
State Street: No Capital Needed
Initial leaks suggested State Street would need to raise capital.
Now, from the WSJ: State Street Doesn't Need to Boost Capital
State Street Corp. does not need to boost its capital levels as a result of the government's recently concluded stress tests ...The stress test results will be released at 5 PM ET.
UPDATE: Morgan Stanley to raise $5 billion through stock, debt offerings
Wells to sell $6 billion in new common stock