stress tests

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Stocks Fall Back; Dow Off 16
 Stocks Fall Back; Dow Off 16 
MARKETS

Stocks Fall Back; Dow Off 16

Investors keep an eye on upcoming jobs, stress test reports

(Newser) - Yesterday’s rally failed to carry stocks today, with traders nervously anticipating weekly and monthly employment reports as well as the bank stress-test results later this week, the Wall Street Journal reports. Bank of America rose 5.4%, while Wells Fargo dropped 3.3%. The Dow fell 16.09 to...

Wells Fargo, 9 Others Expected to Fail Stress Test

(Newser) - The Obama administration is expected to tell 10 of 19 banks receiving "stress tests" to raise more capital as a buffer against possible dark days ahead, the Wall Street Journal reports. Down from a recent estimate that 14 banks needed more money, the list may include Wells Fargo, Bank...

Stress Tests Expected to Show Confidence in Banks

Administration ready to say bailout worked

(Newser) - The top US banks may not be as deep in the mud as analysts fear, government "stress tests" out Thursday are expected to show. Officials seem ready to argue that the nation's financial system is recovering and won't require more bailout funds from Congress. "None of these banks...

Citi May Need Extra $10B to Pass Stress Test

Fed delays release of results as banks haggle over initial findings

(Newser) - Citigroup may have to scrape together as much as $10 billion in fresh capital to pass the Fed's stress tests for big banks, insiders tell the Wall Street Journal. The release of the tests—which assess how a bank could weather various dire scenarios—has been pushed back from Monday...

Fed to Release Stress Test Results Next Week

Data will show potential losses in specific loan categories

(Newser) - The US will learn the fiscal health of its 19 biggest banks Thursday, when the Federal Reserve and Treasury release the results of the “stress tests,” the Wall Street Journal reports. Delayed somewhat, the results will contain potential loss estimates in specific loan categories for each bank, and...

Fed Tells BofA, Citi to Raise Billions

(Newser) - Federal Reserve regulators are urging Bank of America and Citigroup to raise more capital, based on their preliminary stress test results, sources tell the Wall Street Journal. Sources familiar with Bank of America say the shortfall numbers in the billions. But both banks are protesting, with Bank of America expected...

Fed Describes 'Stress Tests'
 Fed Describes 'Stress Tests' 

Fed Describes 'Stress Tests'

(Newser) - At the behest of the Federal Reserve, the 19 biggest US banks are projecting their losses on 12 categories of financial product such as loans and mortgage securities, the New York Times reports. The Fed, which asked the institutions to project a hypothetical scenario of a “stressed economic environment,...

Big Banks Rally; Dow Up 119
 Big Banks Rally; Dow Up 119 
MARKETS

Big Banks Rally; Dow Up 119

Investors mull 'stress test' criteria

(Newser) - Stocks gained today on some positive earnings reports, but anxiety over the ramifications of government "stress tests" kept the lid on, the Wall Street Journal reports. The disclosure of the “stress test” methodology seemed to boost the biggest banks, like Bank of America, Wells Fargo, and US Bancorp,...

Stocks Edge Higher
 Stocks Edge Higher  
Market Open

Stocks Edge Higher

(Newser) - Stocks got a modest boost at the open, as better-than-expected earnings battled with stress test anxiety. The Dow rose 51 points, while the S&P and Nasdaq added 0.6% and 0.4% respectively, the Wall Street Journal reports. Ford skyrocketed 19% after reporting a mere $1.4 billion—and...

Banks Get Stress Test Grades
 Banks Get Stress Test Grades 

Banks Get Stress Test Grades

Pandit out at Citi?

(Newser) - The nation's biggest banks will start to learn how they did on the dreaded stress test today, reports the New York Times. Though the public won’t learn the results until May 4, analysts are predicting that many of the 19 banks will have to raise large amounts of new...

Citing Too-Low Prices, Banks Won't Sell Toxic Assets

Stress test an Obama weapon

(Newser) - Banks are proving so reluctant to part with their so-called “toxic assets” that the Obama administration may have to strong-arm them into doing so, Time reports. Banks are protesting that the prices being offered—about $70 per $100 bond by the magazine’s calculations—are too low. That’s...

Feds May Reveal Which Banks Are Weakest

Results of 'stress tests' may go public

(Newser) - The administration may go public with some of its "stress test" results, which diagnose how well the country's 19 biggest banks will weather the financial crisis, insiders tell the Wall Street Journal. The administration has so far been treating all banks equally, but the stronger banks could soon be...

Fed to Banks: Keep Quiet on Stress Tests

Officials worry leaked results will cause market chaos

(Newser) - The Federal Reserve is adopting a loose-lips-sink-ships policy when it comes to the “stress tests” being administered to big US financial firms. Goldman Sachs, Citigroup, and others have been ordered to keep quiet about their financial report cards, Bloomberg reports. Officials fear that should those results leak, investors would...

Dow Rises 246 on Rosy Bank News
 Dow Rises 246 
 on Rosy Bank News
MARKETS

Dow Rises 246 on Rosy Bank News

Rosy NYT report on Treasury 'stress tests' fuels risk appetite

(Newser) - Surging financial stocks spurred a broader rally today, the Wall Street Journal reports. A New York Times report that all 19 banks facing Treasury “stress tests” will pass boosted shares in a sector already buoyed by a strong Wells Fargo earnings forecast. The Dow rose 246.27 to close...

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