News Alert: Fed: 15 of 19 major banks pass stress tests

Tuesday, March 13, 2012

   
The Washington PostTuesday, March 13, 2012 5:05:23 PM
NEWS ALERT

Fed: 15 of 19 major banks pass stress tests


The Federal Reserve said 15 of the 19 largest U.S. banks would remain healthy even in a crisis that saw the markets plummet and the unemployment rate rise above 13 percent. The results of the stress tests, which were released earlier than planned, show the scope of the recovery of the nation's financial system since it nearly collapsed in 2008.

Four banks failed at least one of four criteria in the test: Citigroup, Suntrust Banks, Ally Financial and the insurance giant Metlife.




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http://www.washingtonpost.com/business/economy/fed-says-15-of-19-banks-pass-stress-tests/2012/03/13/gIQAIdg99R_story.html



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