Bob Doll questions stress test results

Bob Doll is sceptical about the results of last week's US regulators' stress test, revealing a capita...

Bob Doll is sceptical about the results of last week's US regulators' stress test, revealing a capital shortfall of around £75bn in 10 banks. The BlackRock equities chief investment officer warns the Federal Reserve's conclusions could fall short of actual US bank capitalisation. He says: "The results of the bank stress tests showed that the federal government believes 10 of the 19 banks examined have capital shortfalls and will be required to raise a total of $75bn in additional capital. "This is a relatively modest amount compared to expectations of several weeks and months ago, and t...