Yesterday in an interview of one of American television, Minister of Finance Timothy Gaytner said that none of the 19 banks, subject to the Government of stress tests is not bankrupt. This should convince investors and the public that the American financial system is quite stable. Gaytner did not name the exact number of banks that will be needed to attract additional capital. However, it has spread on how to attract, among which the increase in share capital from existing shareholders and new investors, the transfer of preference shares, the holders of which are private investors or state of normal, selling additional assets. Otherwise, banks will have to seek assistance from the government. According to knowledgeable persons in this matter, the largest bank, which would increase its capital, is the Bank of America - it will require additional 34 billion dollars. Citigroup, Wells Fargo and GMAC, will most likely also be forced to deal with attracting new capital.
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