Citing estimates by Frederick Cannon of Keefe, Bruyett & Woods, it seems "banks might need as much as an additional trillion dollars in capital"
Dash's list of banks is as follows:
Poised to withstand potential worsening of the recession:
- Blackrock
- Goldman Sachs
- Morgan Stanley
Custodial banks with the worst behind them (taken their losses):
- State Street
- Bank of New York Mellon
Ditto, 'well-run commercial banks':
- JPMorganChase
- US Bancorp
'At the other end of the spectrum', need additional capital:
- Citibank (duh)
- Bank of America (duh)
Regional banks 'bracing for huge losses' (esp commercial loans):
- Fifth Third
- Sun Trust Banks
- Regions Financial
'Uncertain category' depending upon what regulators decide:
- American Express
- Capital One
- BB&T Bank
- PNC Financial
- Wells Fargo
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