May 7th, 2009 - Wall Street Journal
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NEW YORK (Dow Jones)--The biggest U.S. financial institutions received their marching orders from the government Thursday, and their chief executives wasted no time mapping out the road ahead.
Ten of the nation's biggest banks must raise a total of nearly $75 billion of new capital to protect against a dramatic worsening of the U.S. economy. Some responded swiftly: Morgan Stanley (MS), Citigroup Inc. (C) and Wells Fargo & Co. (WFC) have already unveiled plans to raise more capital.
Related stories:
Global Stocks Rally on Stress Test Results, Improvement in Jobs
May 8th, 2009 - Bloomberg
May 8 (Bloomberg) -- Stocks rallied around the world asFederal Reserve Chairman Ben S. Bernanke said a review of banks’health “should provide considerable comfort”...
Bank 'stress test' results hint at economic recovery
May 8th, 2009 - Los Angeles Times
Reporting from Los Angeles and Washington -- The nation's biggest banks are regaining their health, but some need to replenish their coffers to withstand any new difficulties...
STRESS TEST: CEOs Outline Way Forward
May 7th, 2009 - Wall Street Journal
(Adds statements from BofA CEO Lewis, other interpretations of results.) NEW YORK (Dow Jones)--The nation's biggest financial institutions received their marching orders from the government Thursday...
Wells Fargo, Citigroup to Raise $18.5 Billion After Stress Test
May 7th, 2009 - Bloomberg
May 7 (Bloomberg) -- Wells Fargo & Co., Citigroup Inc.,Bank of America Corp., Morgan Stanley and Regions FinancialCorp. are raising at least $18.5 billion after the...
Bank shares largely higher after stress-test results
May 7th, 2009 - MarketWatch
LOS ANGELES (MarketWatch) -- A number of financial stocks surged Thursday evening after the U.S. government released long-awaited results from its stress test of the sector...
Related videos from YouTube:
1:19Wells Fargo Co. Chairman Says Bank Stress Test Are "Asinine"
Lou Dobbs reports on a recent comment by the Co. Chairman of Wells Fargo that the Bank Stress Test implemented by President Obama are "Asanine".
6:18Banks Survive Stress Test - Or Do They?
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9:59Wells Fargo Chairman "Dick" Kovacevich Explains "What the Hell Happened" - Part 1
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9:06The Bubble Report: Bobby B Puts JP Morgan, Bank Of America, and Citibank though his own Stress Test
....it just keeps getting stranger by the day ...or is it just me .....we have gone from crazy to insane ...I think everyone is on Hallucinogens ...no..actually we would be better off it dat were tru... Check out the Bobby Bubble Head Video Blog All of Bobby's Videos Categorized bobbybubblehead ...
