Keefe, Bruyette and Woods analysts have predicted that $1 trillion would be needed for the US banking industry, following stress tests the firm conducted ahead of tomorrow’s reported meetings between the banks and the US Federal Reserve and a few days before the results on how the banks fared are unveiled.

KBW analysts conducted their own stress tests, and concluded that the industry would need $1 trillion of additional capital to have a strong ending loan loss reserve level of 200 basis points, a tangible common equity ratio well in excess of 5%, and the achievement of all regulatory capital levels required to be classified as "well capitalised."