- Four banks would not have enough capital in the adverse scenario that includes unemployment at 13%.
- They are Ally Financial, Suntrust, MetLife and Citigroup
- The cumulative losses at banks would total $534 billion under hypothetical scenario
- The failures fell below the 5% benchmark for Tier 1 capital in the scenario
- Fed says Citigroup and Bank of American would each incur more than $50 billion in losses under the scenario
- The full text is here
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