Stifel cuts BankUnited to sell on capital concerns

BankUnited Financial Corp was downgraded to "sell" by Stifel Nicolaus analyst who said the viability of the bank was "increasingly fraying" due to its inability to raise capital and a potential regulatory capital downgrade. On Monday, the Florida-based bank said its regulator, The Office of Thrift Supervision, may lower its capital rating to "adequately capitalized" if it fails to raise atleast $400 million of new capital.

This has only been inevitable for oh, what, two years? For those paying attention, of course.