BoA's (BAC) capital shortfall is around $34B, sources say, possibly more than it can raise...

|By:, SA News Editor

BoA's (BAC) capital shortfall is around $34B, sources say, possibly more than it can raise through asset sales or public share offerings. BoA may sell part of its stake in China Construction Bank immediately to raise around $8B, but could be left with no choice but to convert the government's preferred shares into common stock. Shares -11.2% premarket.