Bank of America 'most systematically risky' among major banks: NYU professor

Posted by has in , , on Tuesday, August 23, 2011

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:





This entry was posted on Tuesday, August 23, 2011 at 12:01 AM and is filed under , , . You can follow any responses to this entry through the RSS 2.0. You can leave a response.