The Stress Tests: Designed to Help Banks Raise Capital
Most critics of the Stress Test have missed the point of the tests and underestimate the Obama Administration’s cleverness in helping banks raise capital.
TAKE-A-LOOK-US banks seek $75 bln; Europe peers’ bad debts soar
Morgan Stanley and Wells Fargo sold more than $15 billion of shares and bonds, as the two companies rushed to the head of the line of banks looking to raise funds following government stress tests.
Capital race is on for banks
Wells Fargo and Morgan Stanley are finding stock sales to be a breeze. Those banks that wait, however, may find themselves in a more difficult spot.
Regulators eye competing options to unwind problem banks
By Ronald D. Orol, MarketWatch WASHINGTON (MarketWatch) — Lawmakers should create an entity to help unwind systemically significant institutions that could create collateral damage to the markets, two key bank regulators said on Wednesday.
Three more banks fail
Silverton Bank closes, costing the Deposit Insurance Fund an estimated $1.4 billion. Smaller New Jersey and Utah banks also shutter.
Georgia, NJ and Utah banks fail
By MarketWatch Regulators shut down Georgia’s Silverton Bank NA, New Jersey’s Citizens Community Bank, and Utah’s America West Bank, bringing the number of bank failures this year to 32.
US Stocks Trade Around Flat Line, Banks Remain In Focus
By Peter A. McKay and Geoffrey Rogow US stocks drifted between slight gains and losses Tuesday as a bounce-back for consumer and transportation stocks was offset by a slide for banks due to renewed fears that big Wall Street firms may need more capital …
Bad year for banks: Failures surpass ‘08
Four regional banks fail Friday, setting the FDIC back nearly $700 million and bringing the annual total up to 29. By Catherine Clifford, CNNMoney.
US Stress-Test Accounting May Make Banks Raise Capital Levels
By Craig Torres and Dawn Kopecki April 25 (Bloomberg) — Financial regulators may force many of the largest US banks to raise new capital or conserve extra cash after accounting for assets held off their balance sheets.
Waiting For Banks’ Stress Test Results Is ‘Water Torture’
By Matthias Rieker and Jessica Papini Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Investors and bankers are still waiting for closure from the Federal Reserve about stress tests for banks.