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Stress tests find small banks need to raise capital, too
Best Bank:
A large number of smaller banks will need to raise additional capital if they want to fortify themselves against a sharp downturn in the U.S. economy.
Out of 418 U.S. banks with assets of $1 billion to $100 billion, 367 will need to raise a total of $75 billion, according to a report released Wednesday by researcher SNL Financial. The group used the same adverse conditions under which the government conducted its recent stress test on the top 19 ...
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