Citigroup and Wells Fargo wrestle with the government over how much capital they need to raise in order to exit TARP. WSJ's Deputy Money & Investing Editor Rick Brooks joins Kelsey Hubbard on the News Hub to discuss why the banks are so anxious to repay their TARP funds.
Citigroup reportedly told that it needs to raise $20 billion in common stock to exit the government's Troubled Asset Relief Program as the giant bank tries to follow rival Bank of America Corp., which struck a deal to repay taxpayers recently.
Hedge fund manager John Paulson earned a great deal of credibility betting against the market in 2008, but a dollar rally could knock him down a peg or two.
If you missed the rally in bank stocks this year, longtime analyst Dick Bove says not to worry. He predicts that large banks' shares will double by the end of next year.
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