“Bank of America said it will issue $18.8 billion in what are called common equivalent securities to help fund the repayment. It currently does not have approval from shareholders to increase the number of its common shares outstanding, but once it obtains that approval, investors holding these securities will be able to swap them for common shares.”,
A swap, of debt for debt, then,
The names are changed the results are the same.
Bank of America said it will issue $18.8 billion in what are called common equivalent securities to help fund the repayment No backup for your claim that they sold stock to the Fed?
A swap, of debt for debt, then,
Debt? I thought we were talking about capital?