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” and a reportshowing fewer job losses than forecast signaled the worst of therecession is over.
Citigroup Inc. and Bank of America Corp. jumped at least5.8 percent, while Fifth Third Bancorp rallied 36 percent. Thegovernment said U.S. banks need to raise only $74.6 billion incapital, which Bernanke said should reassure investors about thesoundness of the financial system. Target Corp. and Exxon MobilCorp. climbed as the government said employers cut 539,000 jobsin April, less than the average economist estimate of 600,000.
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MONEY MARKETS-HIBOR down on intervention, NZ IRS curve steeper
May 11th, 2009 - Reuters
* Dollar funding costs remain below 1 percent * HIBOR at its lowest since mid-January 2005 * JIBOR eases further as rupiah rallies HONG KONG, May 11 (Reuters) - Dollar funding costs declinedon Monday after the absence of nasty surprises in the U.
Japan Hot Stocks-Banks, Toyota
May 10th, 2009 - Forbes
TOKYO, May 11 (Reuters) - The benchmark Nikkei average was little changed and the broader TOPIX gained 0.5 percent on Monday. The following stocks were on the move: **BANKS RISE AFTER U.S...
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)...
US Stocks Rally;Investors Bet Worst Is Over For Banks, Economy
May 8th, 2009 - Wall Street Journal
NEW YORK (Dow Jones)--Not even a $75 billion shortfall in bank capital and half a million job losses can deter stock buyers when the whiff of economic recovery is in the air. Investors have detected an inflection point for the economy...
FOREX-US dollar, yen pare losses for bank stress test
May 5th, 2009 - Reuters
* U.S. dollar steadies after bounce, yen edges up * Risk appetite ebbs ahead of banks' stress test results * Euro on defensive ahead of ECB meeting on Thursday SYDNEY, May 6 (Reuters) - The U.S...
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Related stories from Digg:
KeyCorp to exchange preferred securities for common stock.
The bank holding company will be swapping the securities as it continues its efforts to improve its capital position following the government's so-called 'stress test.'(Business & Finance)
clevelandwebWed, Jun 3rd, 20091 Diggs, 0 CommentsPNC Financial Services raises more than $600 million via....
...stock sales. The parent of National City Bank has sold 15 million shares of common stock since May 14 to help meet capital requirements of the federal government's 'stress test.'(Business & Finance)clevelandwebWed, May 27th, 20091 Diggs, 0 CommentsWhy the Banks Still Aren’t Fixed - Rick Newman - usnews.com
The stress tests are done. The results are better than feared. Bank stocks are up. A few large lenders, such as Capital One, US Bancorp, and BB&T, are even preparing to repay billions in federal bailout money. Sounds like the bank crisis is solved!(Business & Finance)
ichthus007Tue, May 12th, 20094 Diggs, 2 Comments
