Wells Fargo May Need to Raise Cash, Cut Dividend, Staite Says

Discussion in 'Wall St. News' started by Daal, Jan 14, 2009.

  1. Daal


    Really I thought people were swearing wfc was immune and buffett is never wrong

    "Staite said that Wells Fargo’s capital ratios have “deteriorated significantly” because of the (WB)acquisition. The company’s tangible common equity to risk weighted assets has fallen to 3.6 percent from 6.2 percent, he wrote."