Financial Times FT.com

Fed will seek bank capital increase

By Krishna Guha in Washington and Francesco Guerrera in New York

Published: April 24 2009 19:19 | Last updated: April 25 2009 03:18

Some of the country’s biggest banks will be asked to raise more capital by US authorities following the completion of bank stress tests, senior Federal Reserve officials said on Friday.

A second, larger, group of leading banks will be asked to improve the quality of their capital by increasing their amount of common equity, the officials indicated.

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