Stress Test Score: Banks Need $75B More

The government's results of stress tests for the nation's 19 biggest banks revealed a mixed picture of their economic solvency, with 10 of the 19 banks tested in need of a further injection of cash, totaling $74.6 billion. That includes $33.9 billion for Bank of America, $13.7 billion for Wells Fargo, and $11.5 billion for GMAC. The government has already invested hundreds of billions of dollars in the nation's financial system. "It was an extraordinarily demanding collaborative effort," said...Full Story
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