Citigroup is discussing its capital levels with the Obama administration — but the financial giant doesn't expect to need more government assistance, reports said Tuesday.
But speculation continues to swirl around Citi and its fellow unsteady TARP recipient, Bank of America:
- Despite Citi's reported confidence, will a requirement for more capital lead it to convert even more preferred shares to common than it's currently converting?
- Will BofA follow Citi's example and convert preferreds — or can/will it raise new capital through other means?
David Faber has more. Watch his video report, above.
Top TARP Recipients:
Bank of America