WMPT Nightly Business Report March 13, 2012
captioning sponsored by wpbt >> susie: good evening, everyone. my colleague, tom hudson, is off tonight. the federal reserve said late today that the majority of the nation's biggest banks are in good financial health. after conducting stringent stress tests, the fed said 15 of the nation's largest financial firms could withstand a severe recession. but four banks would need to raise more capital to withstand a shock. the firms falling short include citigroup, ally financial, suntrust, and metlife. now, keep in mind, this is a worst-case scenario. the fed wanted to see how banks woul...
Source: archive.org