As has been leaked (of course) the banks will have 30 days to come up with a plan once the results are made public.
One very interesting note, which David Zaring picked up on, is that in this 30 day period "...firms will need to review their existing management and Board in order to assure that the leadership of the firm has sufficient expertise and ability to manage the risks presented by the current economic environment."
In other words, if you're on the least-favored CEO list -- we're looking at you Citigroup CEO Vikram Pandit and Bank of America (BAC) CEO Ken Lewis -- it's time to start talking about succession, planning for the future and resignation.
Read on.
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