Regulators have told Bank of America Corp. that the company needs to raise roughly $35 billion in capital based on results of the government's stress tests, according to people familiar with the situation. Link
Wells Fargo Said to Need $15 Billion in New Capital After U.S. Stress Test. Link
Who knew that these results would cause a financial rally. The recent rally has not been based on fundamentals. For those late comers be careful.
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