Federal regulators told the country\u2019s 19 largest banks that they must raise $75 billion in extra capital by November, a more upbeat verdict on the health of the financial system than the industry had feared just two months ago.<\/p>\n
Ten of the 19 bank holding companies deemed \u201ctoo big to fail\u201d\u009d by the Obama administration will be required to raise additional capital, according to the results of the government\u2019s stress tests, released late Thursday afternoon. But the 10 banks will have to raise much less capital than some analysts had expected as recently as a few days ago.<\/p>\n
\u201cWith the clarity today\u2019s announcement will bring, we hope banks are going to get back to the business of banking,\u201d\u009d Treasury Secretary Timothy F. Geithner said during a news briefing on Thursday afternoon.<\/p>\n
Mr. Geithner noted that banks had a long way to go to restore the nation\u2019s confidence in the financial industry, and that they could get a start in generating good will by lending more.<\/p>\n