Stress Test Daily Leaks: Getting Out of TARP, B of A $34b, Citi $5-10b

May 6th, 2009 · 1 Comment

Bill-Coppedge27sep08-1  original content selection by

reuters   a Reuters Trifecta …. 

U.S. to soon give banks guide for TARP exit-sources - By Karey Wutkowski - U.S. officials could lay out as soon as Wednesday guidelines for how banks can repay taxpayer bailout funds, sources familiar with administration thinking said on Tuesday. One key condition is expected to be that banks are able to participate in the credit markets without the help of government facilities, such as the Federal Deposit Insurance Corp’s debt guarantee program, the sources said, speaking anonymously because the guidelines have not been made public. - Reuters

Bank of America to need $34 billion in capital: source - By Karey Wutkowski and Jonathan Stempel - … , according to the results of a government stress test, a source familiar with the results told Reuters late on Tuesday - Reuters

Citi may need $5-$10 billion in new capital: report - Citigroup Inc may have to raise $5-$10 billion in new capital to meet a U.S. government requirement that it holds up to $55 billion in capital, the New York Times said, citing people familiar with the matter. - Reuters

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