The New York Times
Tuesday, May 5, 2009 -- 11:12 PM ET
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Bank of America Needs $33.9 Billion, U.S. Determines
The government has determined that Bank of America will need
$33.9 billion in capital, according to an executive at the
bank.
The government notified the bank of its decision on Tuesday,
bringing days of negotiations to an end. The amount is higher
than bank executives believed the bank needed, the executive
said.
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