Upside/Downside: Local Analysis of Stress Test Results for Ohio Banks

A number of our region's biggest banks have gotten word from the government that they need to raise more money. The results of the "stress tests" found that KeyCorp needs to raise $1.8 billion, PNC needs to raise $600 million and Fifth Third must raise $1.1 billion. The government says the extra money is needed to protect the banks should the economy get much worse. Kevin Jacques is a professor of finance at Baldwin Wallace College. He's a former economist specializing in banking issues with the Treasury Department. He spoke with ideastream®'s Eric Wellman.