U.S. tells Citi, BofA to increase capital: report
Based on the results of recently concluded stress tests, U.S. regulators told Citigroup Inc
The shortfall in capital amounts to billions of dollars at BofA, the paper said, citing people familiar with the bank.
Both banks plan to respond with detailed rebuttals, the people told the paper, adding BofA's appeal is expected by Tuesday.
(Reporting by Ajay Kamalakaran in Bangalore, Editing by Ian Geoghegan)
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