July 30 (Bloomberg) — Christopher Towe, deputy director of monetary and capital markets at the International Monetary Fund, discusses the outlook for the U.S. financial system. The U.S. financial system remains fragile and banks subjected to additional economic stress might need as much as $76 billion in capital, according to the results of IMF stress tests. The findings, released today as part of a broader IMF report on the U.S. financial system, suggested that while the nation’s banking system is stable, it remains vulnerable. (Source: Bloomberg)
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Video: IMF’s Towe Sees `Wall’ of Maturing Debt for U.S. Banks: Video
