InfoAnda - Bank of America needs at least 33.9 bln dlrs

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Japan ruling party MP calls on PM to quit soon: report | | 8 March 2011
Pakistan militants ban polio jabs, threaten action | | 16 June 2012
Paris Hilton won't return borrowed jewels: lawsuit | | 8 April 2011

Tajikistan set to free 10,000 prisoners | 3 November 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Bank of America needs at least 33.9 bln dlrs

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Bank of America needs at least 33.9 bln dlrs AFP - Wednesday, May 6 WASHINGTON (AFP) - - Bank of America will need to raise between 33.9 and 35 billion dollars in capital to maintain its financial stability, US media reported. ADVERTISEMENT After days of negotiations, the government informed the banking giant it needs 33.9 billion dollars, the New York Times said, citing a bank executive. The amount is greater than what executives think the bank needs, however. "We're not happy about it because it's still a big number," said J. Steele Alphin, the bank's chief administrative officer. "We think it should be a bit less at the end of the day." The Wall Street Journal meanwhile, citing people familiar with the situation, said US regulators told the Charlotte, North Carolina-based bank late Tuesday that it needs to address a roughly 35-billion-dollar capital shortfall. Because the amount of capital needed exceeds what Bank of America could raise by selling more assets or shares to private investors, the bank may end up with no option but to convert government shares into common stock -- meaning the US government would become one of the bank's largest shareholders. The federal government has already pumped 45 billion dollars in bailout cash into the ailing institution since the world economic crisis, which originated in the United States, started to unravel in October 2008. The reports came ahead of results Thursday from "stress tests" conducted by US authorities on 19 top banks, including their capital adequacy levels. The Journal has reported that 10 of the 19 banks subject to the tests may need to raise more capital. The exact number of banks required to raise more funds has not yet been determined, the financial daily said, but those affected could include banking giants Wells Fargo, Bank of America and Citigroup. The number of banks thought to need more funds had been 14 out of 19 at one point, the Journal said, citing sources familiar with the matter. US banking regulators and the Federal Reserve are set to release results Thursday from stress tests of the 19 banks and estimates for further public aid to help boost the ailing economy. The tests will cap a period of suspense that began when President Barack Obama's administration unveiled in February its overhaul of the bank bailout in a bid to restore stability to the financial system of the world's largest economy. Fears surrounding Wells Fargo, Bank of America and Citigroup may have subsided, however, in light of the authorities' stress test efforts, the Journal said, noting that the three bank's stock prices have tripled since early March. Bank-specific details are set to be unveiled Thursday after Wall Street closes for the night. Email Story IM Story Printable View Blog This Enlarge Photo The Bank of America building is seen in Washington, DC Bank of America will need 33.9 billion dollars in extra capital from the US government to remain financially stable, The New York Times reported. Most Popular – Top Stories Viewed Bank of America needs at least 33.9 bln dlrs Berlusconi: My marriage is 'finished or about to finish' Court okays breast removal for transsexual teen: report Actor Dom DeLuise dead at 75: family Kenyan women to sex-starve men -- for politics View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Thursday, 7 May 2009
Israeli troops kill Palestinian at West Bank shrine | International |
Fox Suing Bollywood Film Studio For Allegedly Copying "My Cousin Vinny"
Sudan says willing to admit new NGOs | International |
Madonna's Russian Concert Plans Anger Local Authorities
The Horrors, The Slits To Headline London's Offset Festival
Anti-Gorbachev plotter, Soviet Gen. Varennikov dies | International |
Radiohead Was Told To Break Up Before They Finished "In Rainbows"
Georgian opposition clash with police in Tbilisi | International |
Kiefer Sutherland In Trouble For Headbutting Man Reportedly In Honor Of Brooke Shields
Comedian Dom DeLuise Dead At 75
Paula Abdul Admits To Former Painkiller Addiction
"Billy Elliot" Leads Kudos List In Tony Awards With 15 Nods
Comedian Dom DeLuise Dies At 75
Amazon launches larger-screen Kindle | Technology |
EBay says $2 billion price tag low for Skype | Technology |
Bell Mobility to sell Palm's Pre | Technology |
Vatican breaks silence on Angels and Demons | Entertainment |
Susan Boyle joins stars in top viral videos | Entertainment |
Dylan brings it all back home with No. 1 album | Entertainment |
Natasha Mostert offers pinch of paranormal | Entertainment |
Copulating corpses spark outrage in Berlin show | Entertainment |
Major attacks in Iraq since Jan. 1
Sudan says willing to admit new NGOs
Thousands flee as Pakistani jets hit Swat | International |
US commission to probe financial crisis
Mega security planned for pope's Israel visit
Mexico gets back to normal, China eases quarantine | International |
US banks on 'stress tests' to help economy
North Korea seen readying for new nuclear test | International |
Jailed U.S.-Iranian reporter eating again
Russia tensions spike as NATO starts Georgia war games
Thousands clash with police in Chinese city: rights group | International |
Porsche to merge with Volkswagen
Israel brushes off call to sign nuclear arms pact
Taliban urge Afghans to be vigilant on conversion | International |
US, EU agree to settle simmering beef dispute
Turkey wedding attack puts militia in spotlight
Car bombs kill 17 in Baghdad, Iraqi police say
China officials withdraw order to smoke
China says 5,335 children dead or missing from quake | International |
Israeli police bust Palestinians with ancient text
Hit by job crunch, China trains entrepreneurs | International |
Bank of America needs at least 33.9 bln dlrs
Iran stays execution of two minors: lawyer
Turkey wedding bloodbath puts militia in spotlight | International |
US Afghan strikes kill 100, 'mostly civilians'
Tibet threatened by global warming: state media
Microsoft CEO still sees chance to work with Yahoo | Technology |
Wireless HD video gets boost from WiGig Alliance
Windows 7 raises complaints from rivals: report | Technology |
US-TECH Summary
Google: American phenomenon and antitrust target | Technology |
Twitter co-founder says company not for sale
2 killed in crash of small plane at Fla. airport
Twitter co-founder says company not for sale | Technology |
Google: American phenomenon and antitrust target
Ericsson says Sony logical buyer for SE stake: report | Technology |
Novice air controller blamed for close call in Ky.
Spam down but "zombie" armies growing: McAfee
AMD shakes up organization, promotes executive | Technology |
Obama plans a scaled back National Day of Prayer
AMD shakes up organization, promotes executive
Amazon launches larger-screen Kindle | Technology |
'Class of Katrina' graduating, 4 years after storm
Russia tensions spike as NATO starts Georgia war games
Flu communicators face tweets, fans and zombies
Czech Senate set to approve Lisbon Treaty
Flu communicators face tweets, fans and zombies | Technology |
For sale in NYC: Torture devices from 16th century
Reprieve for Boston Globe as union reaches deal
Bill unveiled to reverse U.S. online gambling ban | Technology |
Audit: air traffic systems vulnerable to attack
A look at housing legislation
US congressman moves to legalize online gambling
Grand jury transcripts sealed in Calif. slay case
summit champions human rights online
Phoenix-area mother helps bust Ecstasy ring
Search for US poet in Japan to be scaled down
US commander: Taliban beheading led to airstrikes
U.S. regrets Afghan civilian deaths
Taiwan opposition claims interference in Chen's trial
Idol boots last woman singer, Allison Iraheta | Entertainment |
Japan reign supreme in AFC Champions League
Studio ups download figure for pirated Wolverine | Entertainment |
Key moments in the struggle for Swat Valley
Vatican breaks silence on Angels and Demons | Entertainment |
Canadian students released from China quarantine
Tuned-in kids get turned on earlier | Entertainment |
Sri Lanka rebels say war takes heavy civilian toll
Blu-ray player sales surge | Entertainment |
Two more actors enter Percy pantheon | Entertainment |
De Niro, Norton to star in thriller Stone | Entertainment |
Red Cross says US bombing killed Afghan civilians
Bride Wars sweeps DVD charts | Entertainment |
Robot Chicken crew constructs new series | Entertainment |
Kiefer Sutherland to face charge in scuffle: report | Entertainment |
CORRECTED
Korea Hot Stocks
Bank of China managers jailed in US for $485 mln scam
NZ jobless rate hits six-year high in Q1
Jordan hopes papal visit will boost tourism
HBO gives go-ahead to series about New Orleans
Copulating corpses spark outrage in Berlin show
Taiwan's April jobless claims fall
Natasha Mostert offers pinch of paranormal
Thailand to borrow $22.9 bln for stimulus: minister
Property disputes dog Vatican-Israel ties
China's economic recovery 'still not solid': central bank
Susan Boyle joins stars in top viral videos
Kookmin Bank launches $1 bln 5-yr covered bond-lead
Ancient 'hobbit' humans new species after all
Vatican breaks silence on "Angels and Demons"
Pakistani 6-mth T-bill cut-off yield at 13.1876
Remembrance and reconciliation 55 yrs after Dien Bien Phu
Thai government approves increase on alcohol
Painting, nabbed by Nazis, returned to Jew's heirs
Kylie Minogue announces first US tour
No Doubt's Touring Entourage Includes Numerous Nannies
Contest Winner Paid $110,000 To Take Dream Job, Live On Australian Resort
Spiderman, Oompa-Loompa and Teletubby Arrested After Brawling With Drunk Vacationers
National Boy Scout Organization Tells Overweight Volunteers To Lose It Or Lose Right To Go On Some Outings
Prince Charles Teams Up With A Frog For Environmental Action Campaign
Singer Katy Perry Likes To Wears Her Grandmother's Clothes
First U.S. Face Transplant Recipient Reveals New Look
Georgia Man Is The First Double-Hand Transplant Recipient In U.S.
EU lawmakers against Internet piracy clampdown
Bell Mobility to sell Palm's Pre
EU telecoms reform goes back to negotiating table
Swedish Pirate Party may get seat in EU Parliament
Swede indicted for hacking NASA, Cisco computers
Turkey mulls militia reform after wedding bloodbath
Iran hangs 9 people for murder, drug trafficking
Israel-Palestinian talks must address core issues: Blair | International |
Afghans protest deadly US-led strikes
Afghans protest civilian casualties, one wounded | International |
U.S. calls for credible 2010 Sudan election | International |
Afghanistan, Pakistan form new anti-militant front
Eurozone interest rate cut to record low
Moscow bans gay rights parade | International |
Israeli soldier killed in West Bank clash
ECB cuts interest rate to a record one percent
Corruption seen at root of Iraq's lack of services | International |
Turkey wedding attack puts militia in spotlight
EU, church urge calm in Georgia after violence | International |
'The Producers' arrives in Germany
Israel says it won't apologize for Gaza war
Islamists say Pope's Mideast visit provocative | International |
11 killed in Baghdad car bombings
Chrysler on legal fast-track, faces long road
Feds: Mountain-dwelling pika may need protection
Google: American phenomenon and antitrust target | Technology |
Jackson, Miss., mayor dies after losing primary
Nintendo profit down 42 percent
Wesleyan students told to stay home; suspect loose
Ericsson says Sony logical buyer for SE stake: report
Nintendo sees slowdown ahead | Technology |
Investigators explore lead on abducted Calif. boy
Windows 7 raises complaints from rivals: report
'Tough' toddler found alive after 2 days in woods
Irish student's Jarre wiki hoax dupes journalists | Technology |
Irish student's Wikipedia hoax dupes newspapers
Government to condemn land for Flight 93 memorial
Georgia flares again amid NATO exercises
The Nation's Weather
Fire kills nine in Ukraine
Child rapist cult leader recaptured
Wreckage of Easter crash hits 3 Atlanta families
Recent rains revive Kansas winter wheat crop
Czech senators approve European Union's Lisbon Treaty
Obama's Day: Budget, education, Russian relations
Ericsson says Sony logical buyer for SE stake: report
Video shows Sri Lanka rebels forcing civilian help
US man swims across lake to see Aung San Suu Kyi
Thousands flee as Pakistani jets hit Swat
Myanmar arrests US man for entering Suu Kyi home
Public told to snub boxing champ Pacquiao
China warns Paris over city honor for Dalai Lama
Pakistan war planes bomb Taliban hideouts
China: 5,335 students dead, missing in 2008 quake
Nicktoons orders more "Wolverine" episodes
China says 5,335 children dead, missing in quake
6 on trial for deadly China train crash
Wall Street Journal to launch Japanese website
Japan's Shinsei Bank falls deep in red
China's Geely says in bid for GM's Saab
Report: China car sales rise to fresh monthly high
Hanks ready for more "Da Vinci" role
Dow Jones, SBI to start Japanese WSJ.com
'Idol' finalist Gokey gets Milwaukee homecoming
Taiwan exports continue to plunge in April
Copulating cadavers turn stomachs in Berlin
Japan's Nikkei index jumps to 6-month high
'Springtime for Hitler' arrives in Germany
WRAPUP 1-S.Korea's govt says economy not out of the woods
'Life and Death' avoids propaganda, muddles story
Seoul shares end firm; techs fall, shippers rise
Christie's routs rival with $102 mln art sale
Nintendo defies recession with record profits
US homeless couple marry in dream wedding
Iraq's wall-builders mourn drop in violence
US-ENTERTAINMENT Summary
"Bride Wars" sweeps DVD charts
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01