Wed, 14 Mar 2012 07:07:27 GMT
Fed claims 15 of 19 banks have enough capital to cope with worst economic scenario
Federal Reserve reported on Tuesday 15 of 19 lenders would be capable to keep their capital amounts above a required minimum and even maintain dividend payout in case of extremely unfavourable economic scenario. Fed's test assumed jobless rate at 13%, a fall in share prices at 50% and a drop in housing market by 21%. Of leading banks Citigroup failed