"Amex, JPMorgan, Bank of New York Mellon Pass Tests"
At least three of the nation's 19 largest banks have passed government stress tests of their financial strength. American Express Co., JPMorgan Chase & Co. and Bank of New York Mellon Corp. will not be asked to raise more capital when federal officials announce the test results Thursday afternoon, according to people briefed on the results.
The people requested anonymity because they were not authorized to discuss the results. The stress tests were designed to see how the large banks and finance companies would fare if the economy worsens. Analysts expect about half the companies will be asked to raise capital.....Complete Story
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