Banks May Need More Capital In 2009

07 Jan 2009

U.S. banks may need to raise fresh capital this yet as they face a sharp increase in downgrades on mortgage-related securities ratings that will put greater stress on their capital, according to Meredith Whitney, an analyst at Oppenheimer.

U.S. banks may need to raise fresh capital this yet as they face a sharp increase in downgrades on mortgage-related securities ratings that will put greater stress on their capital, according to Meredith Whitney, an analyst at Oppenheimer. In a research note, Whitney wrote that since July 2007, ...

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