May 7th, 2009 - Reuters
* Geithner says banks will repay more funds than expected
* Goldman Sachs estimates banks' capital needs at $130 bln
* Bank of America shares rally 15.5 pct in premarket trade
* Banks' debt protection costs fall
NEW YORK, May 7 (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research) and Bank ofAmerica Corp (BAC.N: Quote, Profile, Research) shares rallied in premarket trading aheadof the release of "stress test" results that will force themand other top banks to raise tens of billions of dollars incapital.
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Fifth Third, bank stocks soar after stress tests
May 8th, 2009 - bizjournals
Some bank stocks with Central Ohio operations soared in Friday trading following the Thursday evening release of better-than-expected stress test results from the Federal Reserve. Shares of Cincinnati-based Fifth Third Bancorp (NASDAQ:FITB)...
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”...
A bullish Ken Lewis questions stress-test results
May 8th, 2009 - MarketWatch
NEW YORK (MarketWatch) -- Ken Lewis, chief executive of Bank of America Corp., on Friday called the government's stress-test results "pretty aggressive" but said the financial-services giant will comply and raise the required $33.
Europe Bank Shares Show Muted Rise After US Stress Tests
May 8th, 2009 - Wall Street Journal
European banking shares were mainly higher early Friday, as results of stress tests on U.S. banks overnight spurred investor hopes that the worst of the global financial crisis could be nearing an end.
US banks race to fill $74.6 bln stress test hole
May 7th, 2009 - Reuters
* Stress tests show $74.6 billion capital needed * 10 of 19 banks found to need capital * Bank of America needs $33.9 bln; Wells Fargo $13.7 bln * Several banks immediately announce capital-raising plans (For full stress test coverage...
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