Banks Could Weather Even Extreme Economic Tumult, Fed Finds
Briefly

The banking system is able to withstand a funding stress under the moderate and severe economic conditions included in the exploratory analysis, the Fed concluded.
The industry cleared the higher bars, with as close to a clean bill of health as its leaders might have hoped.
Even so, the Fed found all of the banks held enough capital, or the money they are required to maintain to ensure stability and provide a financial cushion against losses.
The analyses are likely to be welcomed among Wall Street's largest banks, who have united to oppose an international effort to raise their capital requirements.
Read at www.nytimes.com
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