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May 10, 2009

Results of Stress tests - who sailed through and who needs more capital

The results of the SCAP were out on 7th May 2009 and the 19 Bank Holding Companies will require an additional 74.6 billion dollars to make the financial system sail through without collapse if the economic situation worsens.
Here's the summary of results:
Bank Additional capital needed
(billion dollars)
AmEx 0
BofA 33.9
BB&T 0
BNYM 0
CapOne 0
Citi 5.5
FifthThird 1.1
GMAC 11.5
Goldman Sachs 0
JPMC 0
KeyCorp 1.8
MetLife 0
Morgan Stanley 1.8
PNC 0.6
Regions 2.5
State Street 0
SunTrust 2.2
US Bancorp 0
Wells Fargo 13.7
Total 74.6

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