Italy to give banks a `stress test’

June 8th, 2009 Fed says bank plans for capital look sufficientWASHINGTON — The Federal Reserve says plans submitted by 10 banks to bolster their capital cushions are enough to help them survive a deeper recession. The plans "if implemented, would provide sufficient capital to meet the required buffer," the Fed says.

May 9th, 2009 "Stress tests": Ohio's KeyCorp needs $1.8BCLEVELAND — Results of the federal government's "stress tests" of the nation's largest regional banks show Cleveland-based KeyCorp needs to raise $1.8 billion in new capital to withstand losses if the recession gets worse. Cleveland-based KeyCorp said Thursday it wants to raise capital from private sources over the next six months.

May 9th, 2009 WASHINGTON - Major US banks turned to private investors Friday in the hopes of finding $75 billion that the government believes is needed for the financial sector to survive the ongoing recession. Wells Fargo & Co, Morgan Stanley and Bank Of America Corp were launching new stock offerings to raise the capital they need to comply with the government's demands.

May 8th, 2009 WASHINGTON - Government 'stress tests' of the US financial industry found that 10 of the 19 largest banks need a combined $75 billion to weather the continuing recession, US regulators said Thursday. Treasury Secretary Timothy Geithner said that much of the extra capital could be raised from private investors, and many banks would be able to meet the government's demands by simply converting preferred shares into common equity.

May 7th, 2009 NEW YORK - Some of the largest banks in the US will be forced to raise billions of dollars more in cash to survive the ongoing financial crisis, according to the findings of government regulators to be released later Thursday. The US Federal Reserve will issue the much-anticipated details of the so-called stress tests, which evaluated the country's 19 largest banks, after market close Thursday afternoon.

May 6th, 2009 NEW YORK - US stocks fell slightly Tuesday amid reports that the government will require banks to raise more capital in the ongoing recession. The results of the government's so-called stress tests, which are designed to evaluate the health of the country's 19 largest banks, are due to be released Thursday.

May 6th, 2009 BofA shares fall on reports of $34B shortfallNEW YORK — Bank of America stock is falling in premarket trading amid reports that it needs $34 billion in new capital. The Wall Street Journal and New York Times are reporting regulators are telling the Charlotte, N.C.-based bank it needs about $34 billion in capital based on results of government "stress tests." Both reports cite anonymous sources.

May 6th, 2009 Details of 'stress tests' of 19 financial firmsResults of the government's stress tests of financial companies with at least $100 billion in assets are expected Thursday after the markets close. Some details of those tests follow: — The 19 companies that were tested are: JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., Goldman Sachs Group Inc., Morgan Stanley, MetLife Inc., PNC Financial Services Group Inc., U.S.

May 6th, 2009 Gov't test says American Express doesn't need cashWASHINGTON — Regulators are set to pronounce American Express Co. healthy after kicking the company's tires.

May 5th, 2009 NEW YORK - About 10 large US banks will need to increase their capital under a government stress test to measure their health, a news report has said, citing people familiar with the discussions. Citigroup, the Bank of America and Wells Fargo are among the 19 banks being examined by the Obama administration who may need to raise more capital to protect themselves against the ongoing financial crisis, the Wall Street Journal reported Tuesday.

May 5th, 2009 Bank stocks mostly lower ahead of stress testsNEW YORK — Bank stocks were mostly lower Tuesday as investors took profits ahead of results of the government's stress tests. The KBW Bank Index, which tracks 24 of the nation's largest banks, dipped 1.7 percent after jumping 14.7 percent on Monday.

April 29th, 2009 NEW YORK - At least six of the 19 largest US banks need more capital to remain healthy through the recession, according to leaked information from the two-month stress test carried out by the nation's bank regulators, media reports said Wednesday. The infusions could come from extra cash injections from the government, but more likely from converting preferred shares to common equity, Bloomberg reported, citing people close to the situation.

April 28th, 2009 WSJ: Regulators urge BofA, Citi to boost capitalWASHINGTON — Bank of America Corp. and Citigroup Inc., which have each received $45 billion in government bailout funds, have been told by regulators that "stress test" results show they may need to raise additional capital, The Wall Street Journal said Tuesday.

February 24th, 2009 WASHINGTON - President Barack Obama's economic team sought to ease fears that US banks are on the verge of either collapse or nationalization, amid reports Monday that the government is considering a large ownership stake in Citigroup Inc. The Treasury, Federal Reserve and other government finance agencies issued a rare joint statement assuring investors that the administration 'stands firmly behind the banking system during this period of financial strain.' A so-called 'stress test' to review the health of 20 major banks is set to begin Wednesday.

February 24th, 2009 WASHINGTON - The US government has warned America's biggest banks that it could become their biggest shareholder with voting rights if regulators decide they are not strong enough to weather a deeper-than-expected downturn in the economy. The Treasury Department, Federal Reserve and federal bank regulatory agencies announced Monday that the government might end up demanding a direct ownership stake in major banks after they undergo a tough 'stress test' shortly.