Stress-tested banks well on way to filling capital holes

05/21/2009 | Wall Street Journal, The · NYTimes.com

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.

View Full Article in:

Wall Street Journal, The · NYTimes.com

Published in Brief: