BofA nearing D.C.’s deadline to raise capital
By Austin Kilgore

Expect Bank of America Corp. to sell more of its assets to meet a government order to raise capital. And soon.

With less than two weeks remaining, BofA still hasn’t met a government deadline to raise $3 billion in equity by selling pieces of the $2.3 trillion company.

The Charlotte-based bank is required to raise the additional equity as part of its repayment of a $45 billion taxpayer bailout.