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.
Chrysler’s Fall May Help Administration Reshape GM
Auto task force members, from left: Treasury’s Ron Bloom and Gene Sperling, Labor’s Edward Montgomery, and Steve Rattner. BY DAVID E. SANGER and BILL VLASIC WASHINGTON – Fresh from pushing Chrysler into bankruptcy, President Obama and his economic team …
Mortgage fees help BB&T post $318M in profit
Those negatives were offset primarily by a surge in new and refinanced mortgage loans, increasing loan and fee revenues by a double-digit amount. …
Earnings reports help preserve market rally
AP • April 18, 2009 Wall Street found enough in the latest earnings reports to keep its six-week rally alive yesterday. The Dow Jones industrial average rose 5.90 to 8131.33, the Standard & Poor’s 500 index added 4.30 to 869.60, and the Nasdaq …
US Stocks Rise; GE, Consumer-Sentiment Data Help
By Rob Curran Of DOW JONES NEWSWIRES Investors took heart Friday from consumer-sentiment data and earnings for General Electric that were not as bad as feared, driving major indexes to their longest winning streak since the last bull market.