In connection with the Supervisory Capital Assessment Program
, these regulators began supplementing their assessment of the capital adequacy of a bank based on a variation of Tier 1 capital, known as Tier 1 common equity.
Regions' ability to raise sufficient capital to satisfy the Supervisory Capital Assessment Program
requirements without additional Government investment.
announced today that it has been advised by the Federal Reserve that, under the Supervisory Capital Assessment Program
(SCAP) previously announced by the United States Treasury, SunTrust has Tier 1 capital well in excess of the amount required to be well-capitalized through the forecast period under both the baseline scenario and the more adverse-than-expected scenario prepared by the Treasury ("More Adverse").
BOSTON -- State Street Corporation (NYSE:STT), today announced that the Board of Governors of the Federal Reserve System has determined that, under the stress test administered under The Supervisory Capital Assessment Program
(SCAP), State Street does not need additional capital.
EDT to discuss the results from the Supervisory Capital Assessment Program
Estimates provided by Wells Fargo to federal banking regulatory agencies as part of the Supervisory Capital Assessment Program
(SCAP) reflect a hypothetical "what-if" scenario based on assumptions (1) contained in the SCAP and described in "The Supervisory Capital Assessment Program
: Design and Implementation," dated April 24, 2009, and (2) as determined between federal banking regulatory agencies and Wells Fargo.
NEW YORK, May 7 /PRNewswire/ -- GMAC Financial Services today confirmed capital requirements for the company resulting from the Federal Reserve's Supervisory Capital Assessment Program
NEW YORK -- American Express said today that it has received a final report from the Federal Reserve which concludes that there would be "no capital need" under the assumptions used by the Supervisory Capital Assessment Program
May 7 /PRNewswire-FirstCall/ -- Capital One Financial Corporation today announced that its banking regulators have concluded that Capital One does not need to raise additional capital, nor does the company need to convert any of its existing capital to common equity, under the "more adverse" scenario of the Supervisory Capital Assessment Program
(SCAP) "stress test.
NEW YORK -- Vikram Pandit, Chief Executive Officer, and Ned Kelly, Chief Financial Officer, will host a teleconference and live webcast on Thursday, May 7, 2009 at 6:00 PM (EDT) to discuss results from the Supervisory Capital Assessment Program
and provide an update on the timing of the previously announced exchange offers.
Fifth Third does not require additional overall capital under the Supervisory Capital Assessment Program
("SCAP," or "Stress Test") and does not expect to further utilize government capital programs -- Fifth Third has committed to augment the common equity component of Tier 1 capital ("Tier 1 common equity") by $1.
Eastern Time) on May 7, 2009 to discuss results from the Supervisory Capital Assessment Program