WASHINGTON - US regulators told top banks on Thursday to raise US$74.6 billion (S$110 billion) to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest recession in decades.
The results of bank 'stress tests' - which involved more than 150 regulatory officials poring over the books of the 19 largest firms - effectively drew a line between healthy and weak, and quantified exactly how much those institutions struggling under the weight of souring loans must raise.
