Thursday, May 7, 2009

Bank Stress Test Results

From the Wall Street Journal:
The results of the government's stress tests of the largest 19 U.S. banks continued to trickle out, highlighting the burgeoning gaps between the industry's strong and weak players.
Among the institutions that have been instructed by the Federal Reserve to raise more capital are Wells Fargo, Morgan Stanley, GMAC, State Street, Bank of America, Citigroup and Regions Financial.
Banks that don't need fatter capital cushions include Capital One, American Express, Bank of New York Mellon, Goldman Sachs, MetLife and J.P. Morgan Chase.

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