kaciara
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CNBC’s Charlie Gasparino tells the desk that Bank of America is going to repay $45 billion and get out of the TARP program.
And they will raise capital over the next few days, he adds. That suggests to host Melissa Lee that there will be an offering - although Karen Finerman says she would be surprised if it's entirely done with common equity.
Later in the broadcast Gasparino says Bank of America will use $26.2 billion in available cash and will also sell $18.8 billion in preferred stock - with the offering coming on Monday.
http://www.cnbc.com/id/34244982/
And they will raise capital over the next few days, he adds. That suggests to host Melissa Lee that there will be an offering - although Karen Finerman says she would be surprised if it's entirely done with common equity.
Later in the broadcast Gasparino says Bank of America will use $26.2 billion in available cash and will also sell $18.8 billion in preferred stock - with the offering coming on Monday.
http://www.cnbc.com/id/34244982/
