by Calculated Risk on 2/21/2009 06:02:00 PM
Saturday, February 21, 2009
Report: Bank Stress Tests to Start "Soon"
From CNBC: Regulators Will Soon Begin Bank Stress Tests
U.S. financial regulators will soon launch a series of "stress tests" to determine which of the largest U.S. banks may need additional capital cushions in the event of a deeper recession, a person familiar with Obama administration plans said Saturday.I'm surprised that these tests haven't already started. Hopefully Secretary Geithner will provide more details on the stress tests this week.
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Banks are expected to receive additional information about the tests in the coming week from regulators.