"Broadly speaking, the test results suggested that the banking industry was in better shape than many had feared. Of the nation’s 19 largest banks, which sit atop two-thirds of all deposits, regulators gave nine a clean bill of health. The remaining 10 were ordered to raise a combined $75 billion in equity capital as a buffer against potential losses should the economy deteriorate. That amount is far less than many had forecast."
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Friday, May 08, 2009
Stress Tests Results Split Financial Landscape - NYTimes.com
Stress Tests Results Split Financial Landscape - NYTimes.com:
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1 comment:
Not sure how great a "clean bill of health" from the regulators really means anything right now!
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