| 231. |
U.S. banks seek $75 billion
Three big U.S. banks raced to sell stock after the U.S. government said top financial firms have a $75 billion hole in their capital, while first-quarter results from two European banks showed bad debts are soaring.
08 May 2009 |
| 232. |
Stocks open higher on bank, data optimism
Stocks opened higher on Friday after the government's stress tests results lifted uncertainty about the health of major banks and data showed employers cut a smaller-than-expected amount of jobs in April.
08 May 2009 |
| 233. |
European banks' bad debts soar
First-quarter results from two more European banks showed bad debts soaring in the face of tough economies, as U.S. rivals prepared to raise $75 billion to provide a cushion for the deepest recession in decades.
08 May 2009 |
| 234. |
Tech, poor auction hits Wall St.; banks up late
Wall Street stocks slid on Thursday as investors took profits from the technology sector's recent surge, while analyst downgrades hurt telecoms and a tepid response to a government bond auction raised fears about public finances.
08 May 2009 |
| 235. |
U.S. banks race to fill $74.6 billion stress test hole
U.S. regulators told top banks on Thursday to raise $74.6 billion to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest recession in decades.
08 May 2009 |
| 236. |
Stress tests show top banks need $74.6 billion more
U.S. regulators told top banks on Thursday to raise $74.6 billion to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest recession in decades.
08 May 2009 |
| 237. |
Stress tests show 10 banks need $74.6 billion more
U.S. regulators told top banks on Thursday to raise $74.6 billion to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest recession in decades.
08 May 2009 |
| 238. |
Seabreeze's Kass: Bank stocks "priced to perfection"
Hedge fund manager Doug Kass said he is selectively shorting U.S. financial stocks, which have more than doubled since bottoming in early March, on the belief that they have been "priced to perfection" ahead of the banks' stress test results later on Thursday.
08 May 2009 |
| 239. |
ECB trims rates, edges into QE with bank bond buy
The European Central Bank said it will buy up bonds for the first time and trimmed its main interest rate to a record low on Thursday in a bid to stem the euro zone's economic decline and shore up shaky markets.
08 May 2009 |
| 240. |
All stress test banks are solvent: Bernanke
All of the top 19 U.S. banks undergoing "stress tests" to gauge their ability to outlast an even deeper recession are solvent, and the exam results should reassure markets that banks can continue lending, Federal Reserve Chairman Ben Bernanke said on Thursday.
07 May 2009 |
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