Government “stress tests” of the US financial industry found that 10 of the 19 largest banks need a combined $75 billion to weather the continuing recession, US regulators said on Thursday. Treasury Secretary Timothy Geithner said that much …
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Ten US banks need to raise $74.6 bn in capital
Posted on: May 8th 2009 in Press Releases.
US regulators said 10 of the top 19 banks will need to raise a total of USD 74.6 billion in capital over the next six months. The USD 74.6 billion amount was smaller than what some analysts had estimated the results of the bank stress test to be. Bank of America had the largest …
Stocks jump as fears ebb about bank ‘stress tests’ – Wallstreet
Posted on: May 7th 2009 in Press Releases.
NEW YORK (AP) — Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies. Bank stocks pulled the market higher Wednesday as …
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