At least six banks need more capital under stress tests
This comes via Bloomberg:
Related PostsAt least six of the 19 largest U.S. banks require additional capital, according to preliminary results of government stress tests, people briefed on the matter said.
While some of the lenders may need extra cash injections from the government, most of the capital is likely to come from converting preferred shares to common equity, the people said. The Federal Reserve is now hearing appeals from banks, including Citigroup Inc. and Bank of America Corp., that regulators have determined need more of a cushion against losses, they added.
- Meredith Whitney: Regardless of stress tests, banks will still need more capital 21 Apr 2009
- Stress tests reveal Citi and BofA need more capital, but you knew that already 28 Apr 2009
- Reinhart: Not everybody can be above-average in stress tests 22 Apr 2009
- Ackman and Stigliz talk Stress Tests with Charlie Rose 27 Apr 2009
- Goldman thinks banks need even more capital 18 Jun 2008