How Can Bank of America Raise Capital?

This afternoon, Bank of America BAC CEO Brian Moynihan told CNBC that when it comes to the challenge of raising capital, "What we've been doing is generating earnings, continuing to reposition the balance sheet by selling off non-core businesses." When asked about its venture in China, Moynihan referred to it as a "very strategic relationship." "We'll continue to be a strategic partner with them," he said. With regard to the potential for a double-dip recession, Moynihan replied, "We don't see it." He noted that spending was up as much as 5% in key areas for the 15th consecutive month. "We don't quite see the consumer slowing down," he said.