Bank stress tests

The Morning After

March 14, 2012

Yesterday was a good day for investors, who sighed continuing relief because 1) a disorderly Greek default had been averted and prompted Fitch to upgrade that country’s credit rating to B-, 2) a Fed statement that upgraded growth prospects but did not tighten its policy stance, 3) U.S. stress test results where 15 of 19 […] More

Waiting for More Shoes to Drop

July 15, 2011

European bank stress tests will be released around 16:00 GMT today.  This second round of tests were more rigorous than the first and are expected to flag a number of banks as failing to meet standards. Standard and Poo’rs joined Moody’s in placing U.S. sovereign debt under review for a possible downgrade. Obama will be […] More