Throughout the day the infamous stress tests appear to be leaking out into the public. Below is a list of what we have heard so far. These leaks have not been confirmed by Federal Regulators, but have come from people familiar with the matter. All have been reported on major news wires such as Bloomberg and Reuters.
- Goldman Sachs (GS) is said to not need any additional capital as a result of the stress tests.
- GMAC is said to need approximately $11.5 Billion in additional capital as a result of the stress tests.
- Morgan Stanley (MS) is said to not need any additional capital as a result of the stress tests.
- Citigroup (C) is reportedly to need $5 Billion in additional capital above the conversion of preferred shares as a result of the stress tests.
- MetLife (MET) is said to not need any additional capital as a result of the stress tests.
- Bank of New York (BK) is said to not need any additional capital as a result of the stress tests.
- American Express (AXP) is said not to need any additional capital as a result of the stress tests.
We will continually update this post when we hear if any other leaks have been reported.
Federal Regulators will officially be reporting stress test results tomorrow, May 7th, 2009.
