Stress Test Results

After much speculation and fanfare, and running on the treadmill for days, the country's 19 major banks are told they must raise an additional 75 billion in capital. Citi's share is a mere 5.5 billion, less than the 10 billion originally estimated and leaked, but on top of the $52.5 billion that it had planned to acquire by letting Mommy become its biggest single shareholder as part of a broader deal. The dubious winner in the treadmill Olympics is Bank of America which needs to raise an additional 34.9 billion.