US Bank IPO pricing $10 per share

Beijing time May 20 morning news, according to foreign media reports, people familiar with the matter, the Bank of America 825 million shares priced at 10 U.S. dollars per share, BofA also considered to convert preferred shares into common shares, but not clear the scale of conversion.　　Bank of America declined to comment. Issuing new shares helps us banks raise money.　　US banks need to raise $33.9 billion trillion, according to the results of the U.S. government's stress tests. Bank of America says it plans to raise $17 billion trillion through ordinary equity and plans to raise about $17 billion by selling assets and other means. (Ning String)