Stress Test May Push 14 Banks to Raise Money, FBR's Miller Says

Stress Test May Push 14 Banks to Raise Money, FBR's Miller Says - Bloomberg

Fri, May 1st, 2009

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May 2 (Bloomberg) -- U.S. Regulators may compel as many as14 of the nation’s 19 largest banks to raise common equity basedon financial stress tests due to be completed next week, saidPaul Miller, an analyst at FBR Capital Markets Corp.

Miller, a former bank examiner, said his estimate assumesregulators will require banks to maintain tangible commonequity, one of the most conservative measures of capital, equalto 4 percent of their risk-weighted assets over the next twoyears, to withstand losses in case the recession worsens. Thetests, originally scheduled for release on May 4, are set to bedisclosed after U.S. markets close on May 7, according to agovernment official who spoke on condition of anonymity.

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