Subscribe to Dollars & Sense magazine. Recent articles related to the financial crisis. Citibank and Bank of America Fail Stress TestsSix of the nation's 19 largest banks have failed the Federal Reserve's "Stress Tests," including Citibank and Bank of America, according to Bloomberg.The Fed is pushing the banks to raise capital by converting preferred shares (including those held by the Treasury) into common shares, rather than seeking more federal funds. Labels: Bank of America, bank stress testing, Citibank, Federal Reserve, stress tests |