The 19 banks that underwent stress tests to gauge how they could handle a deeper recession are solvent, says Federal Reserve Chairman Ben Bernanke. Bernanke says the results, which will be released at 4 p.m. today, should reassure financial markets that banks could continue lending, Reuters reports. “All the banks, inclusive of the capital they received from the government, are solvent,” he said at a conference organized by the Chicago Fed.
Bernanke says all stress-test banks solvent
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