In the CNBC video below, Ken Lewis defends his company’s performance on the stress test and answers some pointed questions in the John Thain – Ben Bernanke – Ken Lewis – Hank Paulson he said she said match. He also details how Bank of…
This came to me in my inbox seconds ago: Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair today commented on the release of the results of the Capital Assessment Program. Chairman Bair said: "I want to…
Elizabeth Warren, the chair of the Congressional Oversight Panel to oversee TARP, goes ballistic in this interview with the guys from Tech Ticker. She gets right to the heart of what is wrong with the banking industry. You can tell she is…
UPDATE: These are the actual results:
Ten of the 19 largest U.S. financial institutions will be required to raise a combined $75 billion in capital, as the U.S. government for the first time divided healthy banks from those which may…
If you haven’t noticed, the Treasury department seems to be leaking the results of the stress tests to reporters at the Wall Street Journal. Richard Bove, a well-known bank analyst was on Bloomberg Radio this morning talking to Tom…
Last week I wrote a post suggesting that the Germans were getting tired of bailing out their banks and had moved to more draconian solutions to 'fix' the banking sector. Nationalizing Hypo Real Estate this week will be the first move in…
Warren Buffet speaks with CNBC in the lead up to the Berkshire Hathaway Annual Meeting. He talks a bit about stress tests and Citigroup. When asked about Wells Fargo, he says he administers his own stress tests and that Wells passes "with…
This comes via Bloomberg:
At least six of the 19 largest U.S. banks require additional capital, according to preliminary results of government stress tests, people briefed on the matter said.
While some of the lenders may need extra…