from The Wall Street Journal
The U.S. is expected to direct about 10 of the 19 banks undergoing government stress tests to boost their capital, a move that officials hope will quell fears about the solvency of the financial sector.
The exact number of banks affected remains under discussion. It could include Wells Fargo, Bank of America, Citigroup and several regional banks. At one point, officials believed as many as 14 banks would need to raise more funds to create a stronger buffer against future losses, but that number has fallen in recent days.
The exact number of banks affected remains under discussion. It could include Wells Fargo, Bank of America, Citigroup and several regional banks. At one point, officials believed as many as 14 banks would need to raise more funds to create a stronger buffer against future losses, but that number has fallen in recent days.
Representatives from Wells, Bank of America and Citi declined to comment.
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