10 Banks Flunk Stress Tests

Details of the bank stress tests are leaking out: About 10 of the 19 financial institutions undergoing the government-ordered tests are going to be required to boost their capital, The Wall Street Journal reports. Wells Fargo, Bank of America, and Citigroup are expected to be among the number of banks that the government on Thursday will say need a stronger buffer against future losses. The news isn’t as bad as analysts feared it would be when the tests were announced in February. Because the Obama administration isn’t singling out one or two institutions to raise capital, the process seems less daunting. The stock prices of the three biggest banks likely to need more capital were all up on Monday.