Big U.S. banks "are collectively in a much stronger capital position than before the financial crisis," Fed officials said in a release announcing the exam results.
Charlottesville, VA (PRWEB) March 10, 2013
SNL FINANCIAL REPORT: STRESS TESTS ULTIMATELY CAUSE FOR LITTLE STRESS
The Dodd-Frank stress-test results concluded that the industry's largest players in general would perform well should the U.S. economy tumble into another severe recession. Ally Financial was the lone exception, "failing" the stress test after its Tier 1 common ratio fell to 1.5%, well below the minimum requirement of 5%.
Altogether the 18 bank holding companies included in the test were projected to post cumulative net losses of $194.1 billion over the 9 quarter period in the severely stressed scenario.
Read the full SNL Financial analysis here: http://www.snl.com/InteractiveX/Article.aspx?cdid=A-17142989-13091
Related report: 'Few surprises, a little bravado emerge from Dodd-Frank stress tests': http://www.snl.com/InteractiveX/Article.aspx?cdid=A-17142989-13091
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Christina M. Twomey
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