Apr 24th, 2009 - ABC News
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Would U.S. banks survive if the economy took an even deeper downturn? The Federal Reserve shed new light on how it's trying to answer that question in a report issued today on the government's bank "stress tests."
The government announced two months ago that it would conduct evaluations of the country's 19 largest banks -- which hold two-thirds of the assets and more than half of the loans in the U.S. banking system -- to determine whether they would require more capital from the federal government or elsewhere should the country's economy continue to deteriorate.
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Japanese Stocks Climb on Stress Test Report, Merger Speculation
Apr 26th, 2009 - Bloomberg
April 27 (Bloomberg) -- Japanese stocks climbed, led bybanks and drug companies, on speculation two local lenders willmerge and that the spread of swine flu will spur sales ofantiviral treatments. Shinsei Bank Ltd...
Asian Stocks Gain on US Bank Stress Test Report; Chugai Rises
Apr 26th, 2009 - Bloomberg
April 27 (Bloomberg) -- Asian stocks climbed to the highestin more than three months, led by finance companies anddrugmakers, as the U.S. Federal Reserve said most banks beinggiven stress tests have adequate capital.
Icelandic caretaker government wins general election
Apr 26th, 2009 - guardian.co.uk
A leftwing coalition won Iceland's general election, according to final results released today. The results were an overwhelming rejection of the pro-business Independence party that many blamed for the collapse of the country's banking system.
Fed: Won't let stress-test banks fail
Apr 24th, 2009 - MSNBC
WASHINGTON - The Federal Reserve says the government is prepared to rescue any of the banks that underwent "stress tests" and were deemed vulnerable if the recession worsened sharply.
Tsys Seesawing Ahead Of Stress Test Details, Following Stocks
Apr 23rd, 2009 - Wall Street Journal
NEW YORK (Dow Jones)--Treasurys were bouncing around flat Thursday as market participants awaited news about the government's bank stress tests and eyed seesawing equities.
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