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.