BofA, Citi, Wells need capital under stress tests
Regulators are ordering some of the largest U.S. banks to find tens of billions of dollars of capital to cushion themselves in the event of a deep economic downturn.
Early Stress test results show BofA, Citi, Wells need capital
Some of the U.S. banking giants have been ordered to find additional capital by regulators to protect themselves in the event of a severe economic downturn.
Big banks need capital under stress tests
Regulators are ordering some of the largest U.S. banks to find tens of billions of dollars of capital to cushion themselves in the event of a deep economic downturn.
Data, bank optimism lift Wall St; Cisco up late
U.S. stocks rose on Wednesday after a private-sector reading on the labor market signaled unemployment may be receding and leaked bank stress test results suggested most banks are healthier than previously thought.
More news
Wall Street to open higher after encouraging data
Wall Street was poised for a higher open on Wednesday as encouraging signs about the job market offset renewed concern about the health of banks after a source told Reuters stress tests show Bank of America has a $34 billion capital shortfall.
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.
BofA and Citi shares sink on stress test worries
Bank of America needs $34 billion in extra cash, a source familiar with U.S. government stress tests on leading banks told Reuters, unsettling markets and stoking talk of a possible asset sale in China.
CORRECTED: Bank jitters weigh on stock futures
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes were down 0.2-0.4 percent at 5:02 a.m. EDT, pointing to a lower start on Wall Street.
Stock futures point to lower Wall Street open
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are down 0.2-0.4 percent at 5:02 a.m. EDT, pointing to a lower start on Wall Street.
Bank of America to need $34 billion in capital: source
Bank of America Corp has been deemed to need as much as $34 billion in additional capital, according to the results of a government stress test, a source familiar with the results told Reuters late on Tuesday.
Stock index futures point to lower Wall Street open
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are down 0.2-0.4 percent at 0902 GMT, pointing to a lower start on Wall Street.
Citi may need $5-$10 billion in new capital: report
Citigroup Inc may have to raise $5-$10 billion in new capital to meet a U.S. government requirement that it holds up to $55 billion in capital, the New York Times said, citing people familiar with the matter.
Profit-taking, bank tests trip market; Disney up late
U.S. stocks fell on Tuesday as cautious investors fretted about impending bank stress test results and energy shares succumbed to the pressure of lower oil prices.
Wall St dips on profit-taking as bank tests loom
U.S. stocks fell on Tuesday as cautious investors fretted about impending bank stress test results and energy shares succumbed to the pressure of lower oil prices.
Profit-taking drags on Wall St after run-up
U.S. stocks dipped on Tuesday as investors opted to book profits from the recent sharp run-up, while energy shares succumbed to pressure from retreating oil prices.
Wall Street falters on profit taking, energy shares
Stocks slipped on Tuesday as the recent sharp run-up tempted investors to take profits and energy shares were pressured by a decline in oil prices.
U.S. test banks need capital but face manageable losses
U.S. regulators are working with the top 19 banks on Tuesday to put the final touches on the results of regulatory stress tests, which are expected to reveal about half the banks need more capital but face manageable losses.
Wall Street falters on profit taking
Stocks slipped on Tuesday as the recent sharp run-up tempted investors to take profits while government stress test results due later this week may show about half of the banks under review need to raise more capital.
About 10 U.S. stress test banks to need more capital
About 10 of the 19 largest U.S. banks being stress tested will be instructed by regulators to raise more capital, according to a source familiar with official talks.
About 10 U.S. stress test banks need capital: source
U.S. regulators have deemed that about 10 of the 19 U.S. banks being stress tested will need to raise more capital, according to a source familiar with official talks.
Citigroup eyes new ways to pay employees
Citigroup may put more employees on commission or offer them larger base salaries as it tries to retain key staffers without running afoul of laws limiting executive pay at banks that receive government funds.
BofA says no plan to raise capital, Citi mum
Bank of America Corp , denying a media report, said it had no plans to raise $10 billion in common equity, while another report said Citigroup Inc was looking to raise capital from private investors.
CORRECTED: BofA says no plan to raise capital, Citi mum
Corrects 2nd para to show US regulators asked Wells Fargo to raise capital
Wall St rallies on banks, data; S&P positive for '09
U.S. stocks rallied on Monday, driving the S&P 500 into positive territory for the year as investors bet banks' capital shortfalls may be manageable and housing data fueled hopes the recession is easing.
Tense talks as U.S. bank stress tests near completion
The largest U.S. banks made the case to regulators on Monday that they have the financial firepower to withstand a deeper recession, as Bank of America denied a report it was trying to raise capital of $10 billion.
S&P turns positive for '09 on bank hopes, data
U.S. stocks rallied on Monday, driving the S&P 500 into positive territory for the year as investors bet banks' capital shortfalls may be manageable and housing data fueled hopes the recession is easing.
Pages
- MOST READ
- 1
- 2
- 3
- 4
- 5
Editor's pick
-
Canada AI Project Hopes To Help Reverse Mass Insect Extinction
-
Aid Groups Express Horror At US Mines For Ukraine
-
As Trump Returns, China Seizes Chance For Climate Mantle
-
Taxing The Richest: What The G20 Decided
-
US Agency Opens Two Probes Into Ford Vehicles Amid Quality Control Concerns
-
Trump-Inspired Campaign Playbook? Polish Presidential Aspirant Vows To Turn Poland Into 'Crypto Haven'
-
Urban Mosquito Sparks Malaria Surge In East Africa
-
Sex, Drugs And Gritty Reality On Prague's Underworld Tours
-
Defiant Lebanese Harvest Olives In The Shadow Of War
-
'Critically Endangered' African Penguins Just Want Peace And Food
