Banking Crisis: The Stress Tests

Combination photograph of Wall Street bank executives testifying before House Financial Services Committee on Capitol Hill in Washington, February 11, 2009. Top row (L-R), are: JPMorgan Chase's Jamie Dimon, Wells Fargo's John Stumpf, Goldman Sachs' Lloyd Blankfein and State Street's Ronald Logue. Bottom (L-R) Morgan Stanley's John Mack, Bank of America's Ken Lewis, Bank of New York's Robert Kelly and CitiGroup's Vikram Pandit.  REUTERS/Larry Downing

Stress test results: Turning the corner?

Stress tests of the 19 largest U.S. banks show they will need a total of $74.6 billion to withstand a deeper recession. Will the results end the worst of the financial crisis, as the Obama administration hopes?  Full Article 

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Treasury Secretary Timothy Geithner makes a point during a hearing of the Congressional Oversight Panel of the Troubled Asset Relief Program on Capitol Hill in Washington, April 21, 2009.
GMAC to get more capital

Treasury Secretary Timothy Geithner tells Reuters Television the Obama administration will provide "substantial support" to troubled financial firm GMAC.  Full Article 

Analysis

Traders work on the floor of the New York Stock Exchange, April 27, 2009. REUTERS/Brendan McDermid
Sell in May? Maybe not

Betting against the latest upsurge in U.S. stocks is likely to be a losing proposition in May, a month historically linked with a volatile period for equities.  Full Article 

The White House from the South Lawn in Washington February 12, 2009. REUTERS/Larry Downing
Political risks grow in crisis

Political risk is becoming more of a U.S. issue as some investors howl over what they see as arbitrary intrusion by the government in business affairs.  Full Article 

 
A foreclosure sale sign sits in front of a house in Miami Beach, Florida, February 27, 2009. REUTERS/Carlos Barria
Funds ready for toxic asset buys

The Treasury aims to launch toxic asset purchases in June to help ailing banks raise capital. Top money managers say they can raise funds in time.  Full Article 

The exterior of the New York Stock Exchange is seen in New York, March 27, 2009. REUTERS/Eric Thayer
Reality to bite bank bonds

Bank bonds' stellar rally on investor optimism that stress tests have not yet produced nasty surprises may now fade in the harsh reality of challenges still facing the economy.  Full Article 

 
U.S. 100-dollar bills are piled up after being counted at a bank, October 13, 2008. REUTERS/Lee Jae-Won
Relief unlikely to spur lending

Stress test results of U.S. banks are unlikely to spur a major pick-up in lending, though they may remove some of the uncertainty in the banking system.  Full Article 

Traders work on the floor of the New York Stock Exchange March 23, 2009. REUTERS/Shannon Stapleton
Is Wells stuck with Uncle Sam?

Back in March, Wells Fargo said it didn't need $25 billion of taxpayer money. Now the bank may find itself unable to free itself from the government's clutches.  Full Article 

 
 

Bank stocks

Despite a recent rally, the KBW Banks stock index is off nearly 70 pct from an all-time high close of 121.06 on February 20, 2007

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Bank Assets

A look at the assets of the 19 banks subjected to the government's stress test Blog