WJZ CBS Evening News With Scott Pelley March 13, 2012
15 passed the four that failed city grooup sun trust allied financial and met life. the tests are designed to ensure the banks have the cash and securities necessary to withstand a financial crisis like the one we endured in 2008. the the fed's scenario imagined the banks weathering a severe recession in the u.s. with unemployment 13%, a 15% drop in the stock market market and a a 21% decline in housing prices. four four banks did fail. that's down from ten that flunked in 2009. since then the 19 participating banks have nearly doubled the amount of capital they're holding from 420 b...