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Bank Stress Test Results

May 8, 2009

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.

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