Stress Tests Reveal Big Banks Need $75B

Law360, New York (May 7, 2009, 12:00 AM EDT) -- After the markets closed Thursday, federal authorities released the results of the Supervisory Capital Assessment Program, better-known as the stress tests on the 19 largest bank holding companies in the U.S., all with assets topping $100 billion. It looks like the patients are going to pull through, at least with close to another $75 billion.

Of the 19 banks that underwent the tests, 10 will require an infusion of capital totaling $74.6 billion to meet regulators' increased Tier 1 capital — primarily common stock — standards,...
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