InfoAnda - US launches 'stress test' for major banks

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Curfew in riot-hit Xinjiang lifted | 8 September 2009
Focus on sex offender in Maryland girl's death | 26 December 2009
Vick's complaints about hits elicit no apologies from Giants defense | 28 September 2011

Blasts kill 32 at height of Iraq Shiite pilgrimage | 5 February 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : US launches 'stress test' for major banks

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: US launches 'stress test' for major banks AFP - Thursday, February 26 WASHINGTON (AFP) - - The United States unveiled "stress tests" to determine if major banks could withstand an even deeper recession, as part of President Barack Obama's expanded rescue program for the US economy. ADVERTISEMENT The announcement held out hope that Obama's plan, criticised in many quarters as short on specifics so far, would get the teeth needed to provide a genuine fix for the ailing US financial sector. The tests would be used to determine if banks with assets of more than 100 billion dollars needed new capital injections and other government help under the rescue plan, which has dominated the president's first weeks in office. With Obama set to send his first budget proposal to the US Congress later on Thursday, the announcement of the tests appeared to provide little bounce for Asian stock markets and did not prevent another drop in US shares. The president said Wednesday that financial institutions would face greater government oversight in the wake of the global economic crisis, and that trust in the system could only be rebuilt with transparency and openness. "This financial crisis was not inevitable," he said. "Here in Washington, our regulations lagged behind changes in our markets, and too often regulators failed to use the authority that they had to protect consumers, markets and the economy." As part of Obama's massive bailout package, the government injects capital into banks that need it, in exchange for preferred shares that pay a nine percent dividend and can be converted to common stock. But some analysts say that this will effectively lead to nationalizing key banks -- something Federal Reserve chairman Ben Bernanke stressed the government wanted to avoid. "I don't think we want to do that, and I don't think we need to do that," he said. "I think we have the tools, short of those draconian measures, to make sure the banks return to viability and to extending credit to the public." The crisis was sparked more than a year ago by so-called subprime loans in the United States made to borrowers who were less than fully credit-worthy. The loans were also resold as complicated investment instruments to banks, institutions and private investors around the world. Once large-scale defaults on those loans hit, the impact was felt around the globe. "Wall Street wrongly presumed markets would continuously rise and traded in complex financial products without fully evaluating their risks," Obama said. The resulting drying up of credit, with banks unable or unwilling to make the kinds of large-scale lending needed to keep the global economy ticking over, has helped to deepen the effects of the worldwide economic slowdown. Governments around the world have been trying stimulus packages and other measures to try to revive their economies. South Korea unveiled a new stimulus package on Thursday worth more than one billion dollars. But there has been a seeming unending stream of gloomy news for months, with major economies tipping into outright recession. Japan, the world's second-largest economy after the United States, announced this week that exports plunged more than 45 percent -- the worst such reading since record-keeping began 30 years ago. France said unemployment made the biggest ever one-month jump in January, while French bank Natixis announced a loss of 2.8 billion euros (3.6 billion dollars) for 2008. Hong Kong shares were down 0.8 in morning trade on Thursday, while Japan shares ended slightly lower, giving up early gains due to what dealers said was market worry about the rapid deteriorating situation. The crisis claimed another scalp on Thursday as beleagured Swiss bank UBS, which has lost billions during the crisis, said CEO Marcel Rohner had resigned with immediate effect. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Related Articles: Obama's Presidency Obama to present first budget to CongressAFP - 50 minutes ago Obama seeks new 250 billion bank bailout: reportAFP - Friday, February 27 Obama sees war costs totaling $140 bln this yearReuters - Friday, February 27 Obama to seek $200 bln for war effort: reportAFP - Friday, February 27 Enlarge Photo US 100 dollar notes are checked at a bank. US authorities launched a new phase of their bank rescue plan including a requirement for so-called stress tests on the "capital adequacy" of troubled major commercial banks. Related Full Coverage Obama's Presidency What change will Obama bring? Will it affect the rest of us globally? All Full Coverage Most Popular – Top Stories Viewed HIV mutates at high speed to avoid immune system: study Iraqi police shoot dead four US soldiers: ministry At least nine dead as Turkish plane crash-lands in Amsterdam US launches 'stress test' for major banks On the bright side: scientists test 'happy' gene View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Thursday, 26 February 2009
Iran denies nuclear slowdown, sets big expansion | International |
Current Village People Granted Preliminary Injunction Against Former Lead Victor Willis
Rwandan troops leave Congo, stoking reprisal fears | International |
Mick Jagger's Ex-Wife Sued For Failing To Pay Ring Reward Money
Spray your tag on West Bank wall -- online | International |
Nazi death camp guard will be tried: prosecutor | International |
Polar regions found warming fast, raising sea levels | International |
Ugandan LRA rebels attack across CAR border: colonel | International |
Apple says Steve Jobs is still involved | Technology |
Nokia considering entering laptop industry: CEO | Technology |
Wealthy Americans Sue UBS To Keep Names Private
Spray your tag on West Bank wall -- online | Technology |
UAW President Urges Union To Support Ford Concessions
Netflix to offer streaming only plans in future | Technology |
Mass Layoffs Drop Slightly But Remain Highest On Record, Says Labor Dept.
Hide-and-seek death case irks Web users | Technology |
Update: Obama Names Locke As Commerce Secretary; Republicans Welcome Nomination
Poll Finds Muslims Opposed To Attacks On U.S. Civilians, But Want U.S. Troops Off Muslim Soil
Google joins EU antitrust case against Microsoft | Technology |
Hilton Rumored To Be Planning Layoffs In IT Dept; Adds 3 Luxury Hotels In Puerto Rico To Portfolio
U.S. top court rules for AT&T unit in antitrust case | Technology |
Environmentalists Praise Court Decision On Bush Administration Air Pollution Standards
Global chip market to fall 24 percent in 2009: Gartner | Technology |
Existing Home Sales Fall 5.3 Percent In January
Liquidators Secure Court Approval To Sell Fortunoff
Pension Plans For State Government, 2 Universities Missing $400M
Fan survives life with Rolling Stones | Entertainment |
Music to the ears of hospital patients | Entertainment |
Spidey heads to Broadway, with help from U2 pair | Entertainment |
Stomach Stapling In Britain Rose To 40 Percent In 2008 As Nation Struggled With Rising Obesity Rate
Peace negotiators urge change of attitude on Hamas
Bangladesh troop mutinies break out beyond Dhaka | International |
Hariri murder suspects languish in jail four years on
Turkish airliner crashes at Amsterdam airport, 9 dead | International |
The Obamas Decide On A Portuguese Water Dog As Newest Member Of First Family
Pakistan wants drones on table in US-Afghan review
Palestinians agree on prisoner release ahead of unity talks
Downturn to cost billions in aid to world's poor | International |
Obama to deliver address on Iraq Friday
Mexico vows more troops for drug war near U.S. border | International |
Puerto Rico to ship pesky monkeys to Iraq
Rohner steps down as UBS chief executive
Pakistan urges rethinking of U.S. drone attacks | International |
Palestinians seek $2.8 billion for rebuilding Gaza
Threat of oil spill menaces Russian Pacific island
Morocco calls back envoy in Iran over Bahrain
At least nine dead as Turkish plane crash-lands in Amsterdam
Isolation shields Afghanistan from financial crisis | International |
Terror-linked lawmaker faces arrest in Iraq
Iran says nuclear plant could start in months
U.S. will boost supplies for Afghan force | International |
Iranians in test run of first nuclear power plant
Younus falls short of record in drawn Test
Peace negotiators urge change of attitude on Hamas | International |
In third try, Obama names Gary Locke as Commerce Secretary
Die with us rebels tell Sri Lanka's refugees | International |
Australia seeks to cut animal gas emissions
U.S. law chief says Guantanamo "well-run"
Some US forces will face combat after Iraq pullout
Obama ready to set out Iraq withdrawal plan
Nokia considering entering laptop industry: CEO | Technology |
Final Exit Members Arrested, Charged With Assisting Suicide
Mexico extradites suspected drug gang leader to US
U.S.: China's Human Rights Record Worsened In 2008
US-TECH Summary
Poland says Obama team not focused on missile shield
FBI Agent Raids Offices Of University Of Florida Scientist Suspected Of Swindling NASA
Gannett slashes dividend to pay down debt
U.S. missile defence to complete test review by May
International Arms Dealer, Conspirator Sentenced To 30, 25 Years In U.S. Prison
Microsoft files patent suit against TomTom
U.S. Busts Mexican Drug Cartel; 755 Suspects Arrested
U.S. criticizes China and Russia in rights report
open to sale, partnership for search business
Florida Dad Kills Wife, 2 Daughters, Self
Arab League chief praises Obama, Mitchell
Feb 25 Highlights Of Low Points In U.S. Economy
Nokia considering entering laptop industry
Apple says Jobs on track to resume command as planned
House Passes $410 Billion Spending Bill
Spain's corruption probe widens
Wall Street Rallies Off Early Lows, Still Finishes Down
Spray your tag on West Bank wall -- online
Two Owners Of WG Trading Company Arrested For Securities, Wire Fraud
Global economic woes eroding IT spending: analysts
Ten killed in Amsterdam plane crash
Netflix to offer "streaming only" plans in future
UK opposition leader's disabled son dies
US top court rules for AT&T unit in antitrust case
Turkish jet crash kills nine in Amsterdam
Nokia considering entering laptop industry
Mobile email firm Visto buys rival from Motorola
Fan survives life with Rolling Stones | Entertainment |
Final Harry Potter film gets release date | Entertainment |
Clint Eastwood gets lifetime Palme d'Or | Entertainment |
Morgan Freeman sued over car crash | Entertainment |
Australia seeks to cut animal gas emissions
Thai PM vows to bring fugitive Thaksin back home
Slumdog child actors to get new homes in India | Entertainment |
Bangladesh border guard mutiny appears to spread
Pakistan braced for street protests after Sharif bar
Final Harry Potter film gets release date
Unrest reported at more Bangledesh guard posts
Weather forecast for the Asia-Pacific region
Bangladesh border guard mutiny spreads: police
Disputed Chinese relics fetch millions at YSL art auction
US sees South Asia rights problems
SKorea unveils new stimulus measures
China fumes as bronze relics sold at YSL auction
Report: NKorea builds underground fueling facility
FACTBOX-S.Korea takes steps to bring in more funds
Singer-guitarist leaves the Barenaked Ladies
Post 9-11 novel wins PEN/Faulkner prize
Thailand's auto workers lose jobs as economy worsens
Exhibition exposes sex slavery at Nazi camps
Seoul shares down; LG Display, Kia Motors tumble
Baghdad speakeasy defies the bombers
S.Korea won at 11-yr closing low despite gov't remarks
Europe's bison: prehistoric survivor with Achilles' heel
Pakistan c.bank sells 20 bln rupees of T-bills
US-ENTERTAINMENT Summary
S.Korea T-bond futures jump after c.bank comment
Final Harry Potter film gets release date
Chinese jet maker looks for foreign executives
Tibetan monk's HK trip shows Buddhism's divisions
Pakistani stocks open down but recover on IMF
Nick Mitchell has 'American Idol' judges laughing
Nissan to ease output cuts in March
Nobel laureate warns polls could ruin Aceh peace
Newly Discovered Species Of Fish Christened H. Psychedelica
Israeli rivals divided over Palestinian state
EU trio propose tougher list of Iran sanctions: report | International |
Tougher list of Iran sanctions proposed
Jennifer Lopez And Marc Anthony Sue U.K. Stroller Company For Unauthorized Image Use
Israeli rivals divided over Palestinian state | International |
Obama seeks new 250 billion bank bailout: report
American Rock Duo MGMT To Sue French President Nicolas Sarkozy's Party For Copyright Infringement
Olmert warns Iran over nuclear plant
Thousands protest in Pakistan over Sharif ruling | International |
Court Extends Britney Spears' Restraining Order Against Ex-Manager
HIV mutates at high speed to avoid immune system: study
Morgan Freeman's Crash Passenger Sues Him For Negligence, Denies Being Her Mistress
Taliban say want peace with Afghans, NATO troops out | International |
US launches 'stress test' for major banks
China decries U.S. criticism of its rights record | International |
Serbia charges 19 Bosnian officials with war crimes | International |
US-China ties needed to fight climate change
Obama to present first budget to Congress
Obama to seek $200 bln for war effort: report
US complains about China's human rights record
UK rules out charges against Pentagon hacker | Technology |
U.S. spy agency may get more cybersecurity duties | Technology |
Vodafone to offer Microsoft online services
Puppy love -- at your fingertips | Technology |
TomTom to contest Microsoft patent lawsuit
U.S. could reap billions taxing Web gambling: study | Technology |
Bill Clinton: Conditions Make Success Likely For Obama's Heathcare Reform Plan
Japanese teens addicted to cellphones: survey
Finns urged to check Web, curb guns after rampages | Technology |
Comcast Brings In Spanish Programs From Central, South America For U.S. Viewers
Coleman Suffers Another Blow; Minnesota Court Rejects Testimony Of Key Witness
Probe after 'miracle' Amsterdam plane crash
Illinois Psychiatric Hospital Under Investigation For Lax Patient Care
New violence erupts on French island Martinique
2-For-1 Offers Proliferate
Study Finds Many Cancers Preventable By Adopting Healthy Lifestyle
Senate Holds Hearing On Bush Administration 'Truth Commission' Next Week
Japanese teens addicted to cellphones: survey
Baltimore-Area Teen Becomes Ninth Pediatric Flu Death
Holder Impressed With 'Well-Run' Guantanamo Facilities But Determined To Shut It Down
FDA: Largest Indian Drugmaker Falsified Lab Test
China clears Wyeth milk powder: state media
Power-starved Kyrgyz start electricity rationing
Sri Lanka editor held, accused aiding rebel strike
Nepal PM vows to reinvestigate palace massacre
ASEAN leaders challenged on rights, economy
Fire damages Marriott hotel in Pakistan
NKorea's Kim Jong Il photographed smoking
Fire damages Marriott hotel in Islamabad
CORRECTED
Indonesia sentences Australian for teen sex
China's banking system stable amid global crisis: regulator
Japanese boy arrested over bomb plot
James Brown exhibit opens while museum plans await
Pakistani forex reserves fall to $10.16 bln
Up, up and away: Rare Superman comic for sale
S&P sees worst recession for Japan since WWII
China accuses Christie's of selling smuggled Chinese relics
Asian markets sour on recession fears
Rosie O'Donnell returns to TV in a Lifetime movie
S.Korea "hit by lightning" by E.Europe concerns-president
Mud, sweat and beers at Britain's maddest football match
Sands to fight ban on Macau ferry service
First Chen movie to hit screens after sex photos
Hong Kong exports dive by most in 50 years
German headscarf bans violates rights: HRW
Pakistan's PTCL net profit 5.3 bln rupees
India gives Oscar winner Rahman hero's welcome
U2 album leaked as label battles pirates
Stevie Wonder gets major award, praise from Obama
Indonesia's psychedelic fish named a new species
Teen Boy Escapes Father's Murder-Suicide Of Mom, Two Sisters
'Final Exit' Suicide Group Members Arrested, Charged With Assisting Suicide
2-For-1 Offers Proliferate
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01