BofA plans to complete debt exchange soon, boosting capital by more than $33.9B Feds requiredCHARLOTTE, N.C. — Bank of America Corp. said Thursday it will raise more money than the government said it needed in order to withstand a deepening recession. BofA completes debt exchange, has increased capital by more than $33.9B government requirementCHARLOTTE, N.C. — Bank of America Corp. said Thursday it will raise more money than the government said it needed in order to withstand a deepening recession. Bank of America shares rise in premarket trading amid reports it needs $34 billion in capitalNEW YORK — Bank of America Corp. stock rose as investors appeared comforted by reports that the bank has the means to cover a potential $34 billion shortfall in capital. Bank of America shares rise in premarket trading amid reports it needs $34 billion in capitalNEW YORK — Bank of America Corp. stock rose Wednesday as investors appeared comforted by reports that the bank has the means to cover a potential $34 billion shortfall in capital. Bank of America shares fall in premarket trading on reports it needs $34 billion in capitalNEW YORK — Bank of America stock is falling in premarket trading amid reports that it needs $34 billion in new capital. |
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