While many of the banks reported surprisingly strong first-quarter earnings, they are by no means out of the woods. A number of them are likely to need more capital to weather a prolonged recession, and the losses that might accompany it, The New York Times's Eric Dash writes.
Those poised to withstand potential worsening of the recession -- with little or no new capital -- are likely to include major banks like Goldman Sachs and Morgan Stanley, as well as big custodial banks like Bank of New York Mellon and State Street and a handful of well-run commercial banks, such as JPMorgan Chase.
At the other end of the spectrum are weaker banks, where ballooning losses threaten to overwhelm profits. Analysts say that some of these banks -- including Bank of America and Citigroup -- may need additional capital to shore up their finances.
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the time when some people believe the world will end and all the dead people will come back to life so that God can judge how everyone behaved when they were alive