Are American Banks Sturdy Enough to Weather Another Financial Crisis?

Last week, it was announced that the results of the first round of the Federal Reserve's annual "stress tests"-which evaluate whether U.S. banks have enough capital to withstand a financial crisis-were positive: All 33 U.S. banks passed the "warm up" stress tests , signaling that they could, hypothetically, withstand an estimated $385 billion in losses should a recession occur. But the second round of results-released just after markets closed on Wednesday-were less promising. The second part of the stress tests are closely watched by banks and investors, since passing or failing dictates......(read more)

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