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Monday, May 04, 2009

Report: Wells Fargo Asked to Raise Capital

by Calculated Risk on 5/04/2009 12:55:00 PM

From CNBC: Wells Fargo Is Asked to Raise More Capital After Stress Test

Regulators have told Wells Fargo to shore up its finances after government "stress tests" showed the bank would have trouble surviving a deeper recession.
The leaks continue ... Citi, BofA, and Wells need to raise capital ... more to come.