With these additional pressures on the financial system, now might not be the best time to raise capital requirements on banks.

FORBES: Basel Barriers: How capital requirements would impede progress in the sovereign debt crisis

Moynihan assured investors that the bank would not have to raise capital from investors to meet new requirements.

FORBES: The Best-Capitalized Bank Of Them All? Bank Of America, Not JPMorgan

Facing rising borrowing costs for its public debt, and damage to its credit score, Spain can ill-afford to raise the money its banks need to meet Europe-wide capital requirements.

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