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US banking regulators released results of the stress tests on the 19 biggest American financial institutions, saying which banks need additional capital to survive a worsening of the economy.
Here's a rundown of the results:
Capital Needs of Big U.S. Banks (in alphabetical order)
American Express [AXP
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]— None
Bank of America [BAC
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]— $33.9 Billion
Bank of New York [BK
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]— None
BB&T [BBT
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]— None
Capital One Financial [COF
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]— None
Citigroup [C
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]— $5.5 Billion
Fifth Third [FITB
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]— $1.1 billion
GMAC [GJM
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]— $11.5 Billion
Goldman Sachs [GS
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]— None
JPMorgan Chase [JPM
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]— None
KeyCorp [KEY
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]— $1.8 billion
MetLife [MET
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]— None
Morgan Stanley [MS
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]— $1.8 Billion
PNC Financial [PNC
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]— $0.6 Billion
Regions Financial [RF
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]— $2.5 billion
State Street [STT
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]— None
SunTrust Banks [STI
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]— $2.2 billion
U.S. Bancorp [USB
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]— None
Wells Fargo [WFC
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]— $13.7 Billion
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
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