Tests of Banks May Bring Hope More Than Fear »
Posted By engineer 7 months, 3 weeks ago in News
The results of the bank stress tests to be released by the Obama administration this week are expected to include more detailed information about individual banks, assessing specific parts of their loan portfolios, than many analysts have been expecting.
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engineer
Hi
My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
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engineer7 months, 3 weeks ago
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I want to complain about Capitol One Bank. I paid off 100% of my credit card bill after missing it one month where they charged me outrageous interest and late fee. The late fee was taken off. The next month after paying it off 100% they still charged me interest saying It takes two months to lose the thieving interest charge. That is what he person from out of the US (probably India) told me. This is abuse. If anyone has similar experiences, let me know. I'd like to start a class action suit.
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tchef7 months, 3 weeks ago
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As of today the tests seem to be instilling confidence. Bank of America stock is up over a dollar a share today alone. I think we are headed for correction. I have pulled most of my money from the market and am waiting to see what happens. I may lose some gains in the meantime but I think in the end it will pay off.
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nostalgia7 months, 3 weeks ago
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What has changed with these banks?
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I thought the problem was largely the toxic assets on the books - they are still there
According to bloomberg.com May 5
Fed Stress Tests to Show About 10 Banks Need Capital
The Federal Reserve plans to deliver results of stress tests on U.S. banks to executives today that may show about 10 companies need additional capital to weather a deeper recession, people familiar with the matter said.
Banks are formulating plans for filling their capital requirements, much of which would likely come from conversions of preferred shares, the people said. Many of the 19 lenders under review and the government are set to discuss publicly the examinations after markets close May 7, the people said.
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