Stress Tests: Smaller US Banks Need $24 Billion, but Don't Worry, Geithner Will Save Them

by Benjamin Domenech on 10:32 am May 18, 2009

Small and medium-sized US banks must raise some $24bn to meet the capital standards set by the government in its stress tests of large institutions, research for the Financial Times shows. News of the potential capital shortfall could increase pressure on many of the 7,900 US banks that form the backbone of the US financial system.

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