| 251. |
Bank optimism lifts Dow, S&P, but Nasdaq flat
The Dow and S&P 500 rose more than 1 percent to session highs on Wednesday, boosted by a surge in bank stocks following media reports on stress test results that suggested bank capital shortfalls might be less than previously expected.
06 May 2009 |
| 252. |
Major banks funded U.S. subprime lenders: study
More than twenty of the largest subprime mortgage lenders relied on financing from U.S. banks that are now relying on billions of dollars in rescue funds, a report release on Wednesday concludes.
06 May 2009 |
| 253. |
Dow, S&P rise on economic optimism as banks climb
The Dow and S&P 500 gained on Wednesday on economic optimism spurred by a jump in bank shares as investors bet that capital shortfalls will be manageable, plus reassuring labor market data and Walt Disney's better-than-expected profit.
06 May 2009 |
| 254. |
Bill unveiled to reverse U.S. online gambling ban
Legislation aimed at reversing a three-year-old ban on Americans placing online bets was introduced on Wednesday by U.S. House Financial Services Committee Chairman Barney Frank.
06 May 2009 |
| 255. |
Big banks need capital under stress tests
Regulators are ordering the largest U.S. banks to get tens of billions of dollars of capital to cushion themselves in the event of a deep economic downturn.
06 May 2009 |
| 256. |
Bank jitters weigh on stock futures
Wall Street was set for a lower open on Wednesday on renewed concern about the health of banks after a source said government stress test results show Bank of America needs as much as $34 billion in capital.
06 May 2009 |
| 258. |
Pakistan attacks Taliban in Swat; U.S. ups pressure
Pakistani forces attacked Taliban fighters in the Swat valley with artillery and helicopters on Wednesday after the United States called on the government to show its commitment to fighting militancy.
06 May 2009 |
| 260. |
Yen rises, stocks slip on Bank of America needs
Stocks slipped and the yen rose on Wednesday after news Bank of America needs $34 billion in extra capital startled investors who had grown more comfortable with risk ahead of official results of stress tests on U.S. banks due on Thursday.
06 May 2009 |
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