Tags: banks | need | trillion

Report: Banks Could Need $1 Trillion More

U.S. lenders including Wells Fargo & Co. may need another $1 trillion in capital to cushion losses as unemployment rises and borrowers fall behind on payments, KBW Inc. analysts said today in a Bloomberg report.

The estimate is based on KBW’s own “stress test” of the strength of top U.S. lenders, wrote analysts led by Frederick Cannon. The government is also evaluating the ability of banks to withstand a deepening recession.

Read the Full Story Here

-

1Like our page
2Share
FinanceNews
U.S. lenders including Wells Fargo & Co. may need another $1 trillion in capital to cushion losses as unemployment rises and borrowers fall behind on payments, KBW Inc. analysts said today in a Bloomberg report.The estimate is based on KBW’s own “stress test” of the...
banks,need,trillion
76
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved