With the release of results from the government’s “stress tests” on the nation’s largest financial institutes, 10 major banks must raise nearly $75 billion in capital. Former Fed bank examiner Mark T. Williams, who teaches at the School of Management, says, “The race is on now: Whoever gets to market first and has the most compelling story to investors will be able to raise capital.”
Williams and Law Professor Cornelius Hurley, a former counsel to the Fed Board of Governors, can comment on what’s next.
Contact Mark T. Williams, 617-358-2789, williams@bu.edu
Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu
