Fifth Third Bancorp

Stress Tests End; Raising Money Begins 

The wait is over. Stress test results reveal nine of the nation’s 19 largest banks successfully endured the government’s testing and will not require any additional capital, while the other 10 banks must boost capital levels by a collective total of $74.6bn, in order to comply with government standards, said the Federal Reserve this afternoon. Bank of America [stock BAC][/stock] stands the front-runner, requiring $33.9bn in fresh capital, followed by Wells Fargo [stock WFC][/stock] who must raise $13.7bn in new capital.