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The Soup Kitchen Line

JJ HornblassbyJJ Hornblass
May 6, 2009
in Archive
Reading Time: 1 min read
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We are trying to tally, in advance of Thursday’s release of the stress test data, which of the 19 banks tested will require additional capital. What follows is our list so far. We’ll update it as we hear of new banks on the soup line. When possible, we included the amount the bank is expected to be asked to raise or borrow from the Treasury’s Capital Assistance Program:

Last Update: May 6, 9:05 p.m. ET

NEEDS CAPITAL

Bank of America – $33.9 billion
Citigroup — $5 billion to $10 billion
Wells Fargo — $15 billion
Regions Financial Corp.
GMAC Bank — $11.5 billion
Fifth Third Bancorp
KeyCorp
Morgan Stanley — $1.5 billion
PNC Financial Services Group Inc
SunTrust Banks Inc.

DOES NOT NEED CAPITAL

J.P. Morgan Chase & Co.
American Express Co.
Bank of NY Mellon Corp.

NO WORD YET

Goldman Sachs Group
MetLife
US Bancorp
State Street Corp.
Capital One Financial Corp.
BB&T Corp.

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