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Politics : Sioux Nation
DJT 11.46+5.1%Feb 6 9:30 AM EST

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To: Travis_Bickle who wrote (167104)5/7/2009 8:46:16 AM
From: T L Comiskey  Read Replies (1) of 362853
 
Bank stress tests show some banks need more funds


US banks may need more funds

Daniel Wagner And Sara Lepro, Ap Business Writers –

WASHINGTON – Some of the nation's largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results later Thursday.

The tests were designed to gauge whether any of the nation's 19 largest banks would need more capital to survive a deeper recession. It turns out many of the banks do: Wells Fargo & Co., Citigroup Inc. and Bank of America Corp. all need billions more, regulators have told them.

The public nature of the assessments and Thursday's planned announcement raised questions among some critics about whether the findings will reflect the banks' actual conditions.
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