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Stress lifts ahead of today's bank test report

China Daily | Updated: 2009-05-08 07:58

Stress lifts ahead of today's bank test report

Federal regulators today unveil what Treasury Secretary Timothy Geithner said will be a "reassuring" picture of a US banking system able to withstand whatever stresses the recession may inflict on it once a handful of institutions add to their capital base.

Federal Reserve stress tests on the 19 biggest lenders show Bank of America Corp, Wells Fargo & Co and Citigroup Inc together require about $54 billion, said people familiar with the conclusions.

Goldman Sachs Group Inc, JPMorgan Chase & Co and Bank of New York Mellon Corp have enough capital to help prop up flows of credit to businesses and consumers fighting the worst recession in five decades.

Stress lifts ahead of today's bank test report

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