Analysis: Possible bank losses much bigger than stress tests say

05/13/2009 | McClatchy Washington Bureau

The recent government stress tests on the nation's biggest banks failed to consider possible losses from high-risk derivatives that could easily run to $99 billion or more, a McClatchy Newspapers analysis has discovered. Beyond that, of the 19 biggest banks, 17 have reported that in the event of a catastrophic event affecting the economy, their combined derivatives losses could top $568 billion.

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