One in 18 failed the exam. This is the result of the last ones stress tests conducted by the Federal Reserve on US banks. These tests are useful in understanding whether the major financial institutions would be able to weather another recession. Banks "have continued to improve their ability to deal with an extremely adverse scenario and collectively have a much stronger capital position than before the financial crisis" of 2008, the US central bank said in a statement.
The only group to collect a rejection was Ally Financial, ex Gmac. Among other giants, Morgan Stanley e Goldman Sachs they reacted badly on the Stock Exchange to the publication of the Fed's results, as demonstrated by their negative performance in the after-hours. The decrease is linked to the fact that the Tier 1 capital ratio, although exceeding 5% (the minimum threshold for determining the soundness of a group's capital in the event of a crisis), was lower than that of rival banks.
Morgan Stanley's Tier 1 is at 5,7%, that of Goldman Sachs at 5,8%. The data of keycorp instead stood at 8%, that of Citigroup to 8,3% while that of American Express at 11,1%.
