Bank stress test result

The aim of the ’stress tests’ was to find out if the banks had enough money to tide them over if the recession continues to deepen.

Some of the United States biggest banks failed the ’stress tests’ it was revealed today. In total, ten of them are looking for a $74.6 billion cash injection to help bolster their finances.

Citigroup needs  $5.5 billion

Bank of America  needs $33.9 billion

Wells Fargo  needs $15 billion.

JPMorgan  needs none