Bank of America is the most vulnerable and the most "systematically risky" of the major banks in the US, NYU finance professor Viral Acharya told Yahoo Finance. According to him, Bank of America will need more capital under some economic scenarios. He added that it is necessary for the government to analyze its books, perform another round of stress-tests, and, if needed, re-capitalize it.
Check out the video Acharya's Yahoo Finance interview below:
Source URL: https://celebrityvma2011.blogspot.com/2011/08/bank-of-america-systematically-risky.html
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Check out the video Acharya's Yahoo Finance interview below:
Source URL: https://celebrityvma2011.blogspot.com/2011/08/bank-of-america-systematically-risky.html
Visit celebrity vma 2011 for Daily Updated Hairstyles Collection
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