Banks May Need $1 Trillion After U.S. Tests, KBW Says

New York - U.S. lenders including Wells Fargo & Co. may need another $1 trillion in capital to cushion losses as unemployment rises and borrowers fall behind on payments, KBW Inc. analysts said today. The estimate is based on KBW’s own ''stress test''of the strength of top U.S. lenders,

Bankers may get their first look tomorrow at results of the tests, which are being conducted on 19 of the biggest U.S. financial companies...

[Conned again. The FDIC already monitors metrics on bank 'health'. Obama's 'stress test' is a mechanism to garner yet more government control over the banks - nothing more.]

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