Feds to tell banks how they did on 'stress tests' |
| Washington Post - May 5, 2009 |
Banks will be told today how they did on their "stress tests" and informed of regulators' final decisions on how much capital they need to raise.
Officials will announce on Thursday how the 19 largest banks fared on tests of how much they would lose if the recession unexpectedly worsened. If the test found a bank's reserves would fall below a minimum level, that bank would have to raise more capital beyond what's now required.
As regulators prepare to reveal how banks fared on "stress tests" _ a key part of the government's plan to fix the financial system _ investors seem ready to take the news in stride. A handful of banks will likely be told to raise capital, though none will be allowed to fail.
Read Full Article from Washington Post
- Posted: 2009-05-05 09:39:29
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