Fed examines whether banks have enough capital to cover risks

11/20/2009 | Bloomberg

As asset prices worldwide soar, the Federal Reserve is looking into whether major banks have the capital to withstand a significant reversal, sources said. Fed officials are looking into the capital cushions of JPMorgan Chase, Goldman Sachs and other banks to ensure they are able to cover risks they take. Supervisors are also assessing how much the banks know about the financial strength of their counterparties.

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