The list of America’s ten banks which have been judged to be at risk should the Global downturn worsen have been released. The US Treasury Secretary Timothy Geithner has said “Our hope with today’s actions is that banks are going to be able to get back to the business of banking”. The markets and Forex will be the judge as it is released that Bank of America is one of the most at risk should the economic situation in the US worsen. The “stress test” does go some way to alleviate the doubts which still hung over the banking sector in the US. The results outlined the capital needs which the named banks at risk would need with some of the banks already indicating the sum of capital and how they would go about raising the required funds. Those banks which require extra capital will need to return to the regulators by the 8th of June with finalised plans on how they will raise the required sum and these plans will require approval by the regulators.
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