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Citigroup and BofA: More Common Shares Coming?

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.

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Top TARP Recipients:

Citigroup

Bank of America

JPMorgan Chase

Wells Fargo

General Motors

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