WASHINGTON, May 4 (Xinhua) -- U.S. regulators have urged Wells Fargo to raise more capital after government "stress tests" showed the bank would have trouble surviving a deeper recession, the Associated Press reported on Monday.
The report cited two people familiar with the matter as saying that Wells Fargo is one of several banks that regulators said would need larger buffers to protect them against possible future losses.
The fourth-largest U.S. bank is one of the 19 largest U.S. banks undergoing the government "stress tests," the result of which is expected to be released on Thursday. The initial stress test results were revealed to the banks last month.
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