Washington - All 31 US banks passed a 5% minimum hurdle for top-tier capital in an annual health check by the Federal Reserve, the central bank said on Thursday, as the industry continues to rebuild buffers after the crisis.
Zions Bancorp came in at 5.1% in a model run of a severe crisis that included a 25% drop in home prices and a stock market drop of nearly 60%. Last year, the bank fell just short of the mark.
The results come ahead of the publication of the second stage of the so-called stress tests next week, in which the Fed says whether banks can go ahead with planned increases in shareholder pay-outs such as dividends.