Thursday, May 07, 2009

State Street: No Capital Needed

by Bill McBride on 5/07/2009 03:32:00 PM

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