List of Financial Firms Likely Being Stressed-Tested
ProPublica, the nonprofit investigative journalism outfit funded by San Francisco S&L bankers Herb and Marion Sandler has ginned up a list of big financial firms that meet the threshold set by the government for undergoing the so-called "stress test" to determine how viable they are.
The U.S. Treasury has not released the names of the financial institutions (not all of which are banks) but said they number 19 and they each have more than $100 billion in assets.
Based on that, ProPublica assembled a list, the Top 10 of which are:
1. J.P. Morgan Chase
3. Bank of America (not including Merrill Lynch brokerage, which it bought last year)
4. Wells Fargo
5. Morgan Stanley
6. Goldman Sachs
7. MetLife (insurance)
8. PNC Financial Services
9. U.S. Bancorp
10. Bank of New York Mellon
You can see the entire ProPublica list here.
March 5, 2009; 2:52 PM ET
Categories: The Ticker | Tags: Bank of America, Citigroup, GMAC, JP Morgan, MetLife, banks, stress test
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