When the financial crisis struck, Bank of America and Citigroup were both caught unprepared. Their low capital levels forced the banks to take bailouts and significantly dilute shareholders. Fast forward to today and both banks are boosting capital levels to strengthen their balance sheets and meet new regulations.
In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss some banking news coming out of Europe and how Bank of America and Citigroup are prepared for any changes to U.S. laws.
Problem: Your commute is long and boring. Solution: Subscribe to our daily podcast Where the Money Is! https://t.co/jAnlvNyUDV— MotleyFoolFinancials (@TMFFinancials) December 9, 2013
David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America, Citigroup, and JPMorgan Chase. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.