Bank Stress Test Results
2009 May 8
The bank stress tests revealed that 10 of the 19 banks require additional capital to comply with the bank test rules.
What they need (not all listed):
- Bank of America, $33.9B in capital
- Wells Fargo, $13.7B in capital
- GMAC LLC, $11.5B in capital
- Citigroup, $5.5B in capital
- Morgan Stanley, $1.8B in capital
While the banks need capital, they are solvent. The additional capital is needed to restore the ability to lend as they have previously.
http://www.foxnews.com/politics/2009/05/07/stress-tests-reveal-big-banks-need-b/