Stress-tested banks well on way to filling capital holes

05/21/2009 | Wall Street Journal, The ·

Stress tests conducted by the government revealed that 10 banks needed to raise a total of $75 billion in capital, and those banks have raised $57 billion. Hedge fund managers and other investors have picked up shares, while the Treasury is injecting GMAC Financial Services with $7 billion. Filling the capital shortfalls appears to be less of a struggle than analysts had predicted.

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Wall Street Journal, The ·

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