Bank 'Stress Test' Results Delayed Until May 7
The results of the government's "stress tests" of some of the nation's 19 largest banks and financial institutions, scheduled for early next week, has been pushed back to May 7, government officials tell Post reporter Binyamin Appelbaum.
The delay has been caused by haggling over the test results between the banks and the Fed.
The aim of the tests is to determine the health of the large financial institutions and determine how much more capital each needs, if any, to risk posing a threat to the system if the economy sours.
May 1, 2009; 4:47 PM ET
Categories: The Ticker | Tags: Federal Reserve, stress test
Save & Share: Previous: April Sales Declines: Chrysler, 48%; Toyota, 42%; GM, 35%; Ford, 32%
Next: This Week: Bernanke on the Hill, Monthly Unemployment
Posted by: writedave | May 1, 2009 6:24 PM | Report abuse
Posted by: psouleles | May 2, 2009 10:36 AM | Report abuse
Posted by: dottydo | May 6, 2009 2:03 AM | Report abuse
The comments to this entry are closed.