terra data, zions bancorp and jpmorgan with some pretty significant gains on this up day with zions bancorpup better 4% and jpmorgan is up 3.5%, ty. so we'll see how it goes into the close, but they seem to be rethinking the fed speak of yesterday. >> this is what i love about the market. yesterday they freaked. take away 100 points, today, 100 points back. it's like it never happened. >> that's right. >> that's why we love mr. market. >> that's right. that's why we love being down here on the floor of the nyse. you never know what's going to happen. >> you never know. all right, sue, come on back. it's the first day of spring. that'll do it for this edition of the thursday "power lunch". >> "street signs" begins right now. have a great afternoon, everybody. see you tomorrow! >>> well, the dow reversing yesterday's losses and then some. but the big story right now, a possible breakthrough in the search for that missing malaysian jet. >> indeed, these satellite images taken by the private sector american company digital globe could be debris from the plane. phil lebeau has been following thi

>> it's a question and you saw some issues last week with zion bancorp.ur belief in looking at this is there 12 new freshman and they are not going to get a pass when it comes to what they are asking for, but they may be more lenient in the qualitative process because it's their first go-round. i would suggest those banks in that for the first time are going to be a bit more subdued in what they asked for until they get their sea legs in the process. i would not expect them to ask for leaps and bounds in terms of what they are paying out, so they will be ready conservative. >> dan ryan, the head of price waterhouse coopers says the average cost for a bank to run the stress test and prepare a submission is $10 million. am i missing something here? how did an investment of that size help to reduce expensive -- expenses, which is what the bank wants? >> and it's going to go away anytime soon, especially the larger banks and increased costs tied to the regulatory process or just the overall regulatory process when it comes to the bank secrecy act or anti-mone

zion's bancorp was the only one that would have less than the projected necessary capital by the end s stress that zion still has time to fix this situation through its capital plans. it has been struggling with some of

. >>> citigroup, zion's bancorp and the u.s. units of hsbc, rbs and santander as part of its annual stress tests. citi's plans were rejected for the second time in three years. citi haven't made enough progress in improving its risk management and control. in a statement, the ceo says he's disappointed. citi will stay pay a 1 cent dividend and continue its $1.2 billion buyback. it had asked to raise the dividend to five cents and the buyback to 6.4 billion. as for the banks, payments will be limited to last year's levels. the fed made bank of america and goldman sachs pay back their captain plan. as far as the shares of those individual banks are concerned, citigroup down in frankfurt. bank of america, goldman sachs down. hsbc and rbs off 1.24%. brian, what do you make of the restrictions on these banks and their capital plans? >> i'm actually very pleased to see this. because it demonstrates that the fed is indeed taking the need to recapitalize the u.s. financial system seriously. the fact that they failed five banks, includin

zions bancorp. it's going to shrug off this. zions. >> shrugging, we'll see. i'm melissa lee.for watching. we'll see you again tomorrow at 5:00 for more "fast money." "mad money" with jim cramer starts right now. >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cray america. i'm trying to make you money. my job is not just to teach you and entertain, also to educate, so call me. leadership matters. and right now this market is being led by the two largest sectors in the s&p 500. the financials and the

hsbc, santander, citi, rbs and zions bancorp. what do you think of citi by the way?es really as a surprise, the company fails two out of the three previous years they have done the ccar. they have failed on both qualitative as well as aspects in terms of dividends as well as buyback. they, you note that b-of-a had to resubmit in terms of their capital distributions but citi was just an absolute, failure big shock to the market. the stock will get nicked pretty hard tomorrow. david: it closed a little over 50. now at about 48. it is already going down about 4%. we should mention last year, didn't jpmorgan and goldman also fail? >> no, they received conditional approval. david: just to correct it, was step short of failure. sort of a partial objection, right. >> that's right. that's exactly right. this year there were no conditional approvals whatsoever. it was a straight five failures. you know, four of the five banks being new to the program. citi being the loan exception. again it is a big surprise, thinking that citi did resubmit their capital plan a couple years a

zion's bancorp was the only one that would have less than the projected necessary capital by the end of 2015 under this test but fed officials stress that zion still has time to fix this situation through its capital plans. it has been struggling with some of these new rules much the top performers and the stress tests were state street, discover financial, rather and bank of new york mellon. now under dodd-frank financial reform as you mentioned the fed must estimate whether the biggest banks could survive and continue to operate in another terrible financial crisis and recession so that taxpayers don't have to bail then out again. the fed assumed in this test, a something called a severe adverse economic scenario. with gdp falling nearly 5%, unemployment rising to a 11%. stock prices tanking, by 50%. home prices tanking by 25%. the stress test showed that they would lose $366 billion on their loans through the end of 2015 under that scenario. about 500 billion including trading losses, but, despite that, because they have been beefing up their capital since the crisis on their own a

. >> it's ironic that zion bancorp was up 10% today. so the market is up, punish them one single bit. >> even greenspan will tell you, the banks arguably could have even more capital than they do. on a relative -- >> they would say if you look at the banks in europe and you look at our competitors -- >> on a relative basis, we are in a much better place than every other bank. does that mean we couldn't do slightly better yet? >> wouldn't you say if you were to push higher capital standards even yet on the banks, that it would slow down the country and the economy? because it's people who look at the loans -- >> it's a total double edged southward. gary cohen from goldman sachs as an op-ed out and made some comments this morning in australia. i think he's on vacation now, right? i don't know. but he made comments about how he thinks there is another potential crisis in the works. he talked about shadow banking and all sort of other on things. ultimately, when you think about every financial crisis, it's a function of debt, it's a functio

the's bancorp, not too big to for example, zion's bancorp, not too big to fail. >> think about long-termis loan hedge fund that almost took down the system -- what? 1999, 2000. a bunch of banks stepped in to bail out each other. it was a private-sector thing. >> right. but i would not say it almost took out the system. it was not like the financial crisis where the failure of aig -- >> a kept getting bigger and bigger. a lot of 2008 started from that loan hedge fund at their stearns that i can remember reporting on in spring 2007 having problems. then it spiraled out of control .rom there what i'm saying is -- can you really ever regulate against 2008? do these stress tests do any good? this, you have two scenarios -- the adverse and severely adverse. severely adverse is very stringent. not quite 2008, book close to it. the hope is these banks are well capitalized enough that they would not have to step in, but if they did, as you say, these are huge companies with trillions of dollars. if we went below the 5%, would regulators stand for that? >> most of those you talk to in the financia