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Archive Home > 2009 > May > 09 > Banks get some sudden relief

Banks get some sudden relief

Big institutions receive billions of dollars in investments, a sign that banks may not need more government aid

By Graham Bowley / The Bulletin
May 9, 2009

Finally, a moment for the banks to de-stress.

A day after the bank stress tests were released, two major institutions, Wells Fargo and Morgan Stanley, handily raised billions of dollars in the capital markets on Friday to satisfy new federal demands for more capital. A third, Bank of America,....

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