The latest round of bank stress tests could actually do more harm than good to the fragile financial system - even pushing the US back into a recession, a prominent bank analyst believes.
Mandated by the Dodd-Frank regulations, the Federal Reserve's annual tests require that the largest banks be able to survive 13% unemployment, another 21% drop in home prices and a 52% plunge in the stock market.
Those are conditions that mimic not only the financial crisis conditions in 2008 but also on some levels
First Published: Nov 27, 2011 6:43 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!