U.S. to Release Stress-Test Results on May 7
The results were pushed back several days as federal regulators and the banks have continued to debate the results. Several banks, including Bank of America Corp. and Citigroup Inc., have challenged the government’s findings.
The results are expected to show that several banks may need more capital, or a higher quality of capital, in order to continue lending if the economy worsens through 2010. Government officials have said that any requirement that a bank improve its capital standing does not mean the government thinks the bank is going to fail. In fact, the government has said it would not allow any of the 19 banks undergoing the test to fail.
Categories: Banking