Four major banks failed Fed's stress tests

Four banks failed at least one of four criteria in the test:
Citigroup, Suntrust Banks, Ally Financial and the insurance giant
Metlife.

The Federal Reserve said 15 of the 19 largest U.S. banks would remain
healthy even in a crisis that saw the markets plummet and the
unemployment rate rise above 13 percent. The results of the stress
tests, which were released earlier than planned, show the scope of the
recovery of the nation's financial system since it nearly collapsed in
2008.

Fed considers new form of quantitative easing

The Federal Reserve is considering a new kind of bond-buying program
that would simultaneously try to limit inflation, according to a
report in the WSJ.

The Fed would print new money to buy long-term mortgage or Treasury
bonds but effectively tie up that money by borrowing it back for short
periods at low rates.