U.S. regulators told top banks on Thursday to raise $74.6 billion to build
a capital cushion officials hope will restore faith in financial firms and set
a course out of the deepest recession in decades.
The results of bank 'stress tests' -- which involved more than 150 regulatory officials poring over the books of the 19 largest firms -- effectively drew a line between healthy and weak, and quantified exactly how much those institutions struggling under the weight of souring loans must raise.
The bank reviews, led by the Federal Reserve, showed 10 banks needed additional capital to withstand heavier losses that would likely come if the recession worsened.
To read more, double-click on the square brackets below:
LATEST STORIES ABOUT US BANK STRESS TESTS > Stress tests show top US banks need $74.6 bln capital > US stress tests show 10 banks need $74.6 bln > INSTANT VIEW-Biggest US banks need $74.6 bln in capital > Morgan Stanley seen $1.8 bln short, to issue stock > Wells Fargo announces $6 bln common stock offering > GMAC may be most likely to need taxpayer help
EARLIER STORIES ABOUT US BANK STRESS TESTS > US bank stocks rally ahead of stress test results > Fed's Bernanke says all stress test banks are solvent > US banks need total extra capital of about $130 bln - Goldman > US banks will need more capital than government estimate-KBW > US's Geithner says no stress test banks insolvent > US government outlines stress test capital targets > FDIC's Bair says US bank tests will instill confidence > Many stress test banks won't need more US help - Bernanke > US looks to tangible common equity in stress tests
ANALYSES RELATED TO THE US BANK STRESS TESTS > Stress test relief seen unlikely to spur lending > US seen staying involved with Wells Fargo for some time > US political risks grow in financial crisis > Reality to bite US bank bonds after test euphoria > Obama manages expectations for in stress tests > Citigroup OK for now, may still face trouble > US bank tests may strain faith in corporate bonds > US officials walk bank stress test tightrope
FACTBOXES > Stress tested banks need combined $74.6 bln capital > Summary of 19 stress-tested banks' capital needs > Q&A What's at stake in US bank stress tests > US banks and their stress tests > How ready are banks for the stress test - > SCENARIOS-After stress tests, what next for US banks > Terms of stress tests for top 19 US banks > Where has all the US bailout money gone -
Keywords: USA BANKING/TAKEALOOK
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The results of bank 'stress tests' -- which involved more than 150 regulatory officials poring over the books of the 19 largest firms -- effectively drew a line between healthy and weak, and quantified exactly how much those institutions struggling under the weight of souring loans must raise.
The bank reviews, led by the Federal Reserve, showed 10 banks needed additional capital to withstand heavier losses that would likely come if the recession worsened.
To read more, double-click on the square brackets below:
LATEST STORIES ABOUT US BANK STRESS TESTS > Stress tests show top US banks need $74.6 bln capital > US stress tests show 10 banks need $74.6 bln > INSTANT VIEW-Biggest US banks need $74.6 bln in capital > Morgan Stanley seen $1.8 bln short, to issue stock > Wells Fargo announces $6 bln common stock offering > GMAC may be most likely to need taxpayer help
EARLIER STORIES ABOUT US BANK STRESS TESTS > US bank stocks rally ahead of stress test results > Fed's Bernanke says all stress test banks are solvent > US banks need total extra capital of about $130 bln - Goldman > US banks will need more capital than government estimate-KBW > US's Geithner says no stress test banks insolvent > US government outlines stress test capital targets > FDIC's Bair says US bank tests will instill confidence > Many stress test banks won't need more US help - Bernanke > US looks to tangible common equity in stress tests
ANALYSES RELATED TO THE US BANK STRESS TESTS > Stress test relief seen unlikely to spur lending > US seen staying involved with Wells Fargo for some time > US political risks grow in financial crisis > Reality to bite US bank bonds after test euphoria > Obama manages expectations for in stress tests > Citigroup OK for now, may still face trouble > US bank tests may strain faith in corporate bonds > US officials walk bank stress test tightrope
FACTBOXES > Stress tested banks need combined $74.6 bln capital > Summary of 19 stress-tested banks' capital needs > Q&A What's at stake in US bank stress tests > US banks and their stress tests > How ready are banks for the stress test - > SCENARIOS-After stress tests, what next for US banks > Terms of stress tests for top 19 US banks > Where has all the US bailout money gone -
Keywords: USA BANKING/TAKEALOOK
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.