Fed says banks are ready for the next big one

Published on Mar 20, 2014

The Federal Reserve’s stress tests of banks with assets of $50 billion or more found that 29 out of 30 are capitalized to withstand another severe downturn. Utah-based Zions Bancorp was the only exception, although Morgan Stanley and Bank of America were also close to the regulatory minimum in a worst-case scenario. Source: bloomberg.com.