Bank Tests Reassure Investors: ; Amex, Jpmorgan, Bank of New York Mellon Make Grade
Charleston Gazette › May 08, 2009
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Charleston Gazette › May 08, 2009
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WASHINGTON - Leaked results of the government's stress tests of 19 large banks are boosting investor confidence in the financial sector.
American Express Co., JPMorgan Chase & Co. and Bank of New York Mellon Corp. will not be asked to raise more capital when federal officials announce the test results Thursday afternoon, but Regions Financial Corp. will need to bolster its reserves, according to people briefed on the results. The people requested anonymity because they were not authorized to discuss the results.See the full content of this document
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Bank Tests Reassure Investors: ; Amex, Jpmorgan, Bank of New York Mellon Make Grade
Citigroup Inc. will need to raise about $5 billion, according to a government source who requested anonymity...
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