Friday, 8 May 2009 | Posted By:
JeeYeon Park | Source: CNBC.com
Wall Street breathed a sigh of relief after Thursday's stress-test results, but didn't dispel the uncertainty over some of the most troubled financial giants. The stress tests—a key Obama administration effort to boost confidence in the financial system—showed nine of the 19 biggest banks have enough capital to withstand a deeper recession. Read and hear what the experts had to say... (Updated)
Friday, 8 May 2009 | Posted By:
JeeYeon Park | Source: CNBC.com
Wall Street breathed a sigh of relief after Thursday's stress-test results, but didn't dispel the uncertainty over some of the most troubled financial giants. The stress tests—a key Obama administration effort to boost confidence in the financial system—showed nine of the 19 biggest banks have enough capital to withstand a deeper recession. Read and hear what the experts had to say...
It looks as if one more bank needs a bailout. And, four months ago, this bank was not even a bank. The company is GMAC, the onetime finance arm of General Motors, which itself seems to be hurtling toward bankruptcy.
Friday, 8 May 2009 | Source: CNBC staff and wire reports
Results of the bank stress tests were greated with a sigh of relief on Wall Street but didn't end the uncertainty over some of the most troubled financial giants..
Thursday, 7 May 2009 | Source: CNBC staff and wire reports
U.S. regulators told top banks to raise $74.6 billion to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest recession in decades.