BREAKING NEWS: STRESS TEST RATIOS
CNBC’s Mary Thompson reveals the very latest details on the stress tests.
She says the stress tests require that the 19 banks have a Tier 1 Capital Ratio of 6% and a TCE ratio of 4% by the end of 2010.
Additionally, any bank that needs to augment its capital buffer to reach these ratios needs to submit plans by June 8th of this year.
And then the plans need to put in place by November 9th of this year.
Also she says the government is asking the banks to outline how they will repay TARP money, over time.
Full results from the stress tests will be released on Thursday after the close. We'll have all the details on a special Fast Money live at 5pm ET.
To see Mary Thompson's full report please watch the video.
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Trader disclosure: On May 6th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WFC), (GS), (SDS), (AGU), (PCLN), (GE); Seymour Owns (AAPL), (BAC), (F), (FXI), (RIG), (TM), (TSO); Finerman's Firm Owns (BAC) Preferred Shares And Is Short (BAC) Stock; Finerman's Firm Owns (CSCO); Finerman's Firm Owns (MSFT) And (MSFT) Put Spreads; Finerman's Firm Owns (PM); Finerman's Firm Owns (PBR); Finerman's Firm And Finerman Own (RIG); Finerman's Firm And Finerman Own (WFC) Preferred Shares; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Najarian Owns (BX) Call Spread; Najarian Owns (DFS) Calls; Najarian Owns (EWZ) Call Spread; Najarian Owns (FIG); Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (MCD) And Is Short (MCD) Calls; Najarian Owns (NVDA) And Is Short (NVDA) Calls; Najarian Owns (TSO) Call Spread; Najarian Owns (XLI) Put Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (XLF) Call Spread; Najarian Owns (BYD) Calls
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