Bankers may never want to hear the words "stress test" again. After all, they've just gone through a torturous exam of their corporate finances, and 10 big banks have been told by regulators that they need to raise $75 billion in capital as a buffer against potential losses. But now that the tests are over, is it time to dip into the stocks?Banks certainly look a bit healthier than a few mont
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Are Bank Stocks the Next Bonanza? (On the Street)
Posted by admin 304 days ago (http://www.smartmoney.com)Swine Flu Outbreak Leave Stocks Lower (Market Update)
Posted by admin 317 days ago (http://www.smartmoney.com)
News at a GlanceWe Can Hear You: Verizon first-quarter profit up 5.3%, tops estimates.Change in Detroit: GM to ditch Pontiac brand, slash payrolls.Stocks Dip: Swine flu fears grip global markets.Crisis Boosts Poverty: World Bank to lend more to compensate.The LowdownGrowing concern over the earnings picture, the broader economy and the swine flu pandemic weighed on global markets.In the U.S., sto
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Oil hovers below $46 as crude follows stocks down (AP)
Posted by admin 324 days ago (http://us.rd.yahoo.com)
Oil prices languished below $46 a barrel Tuesday in Asia after renewed doubts about the health of U.S. banks sent crude and stock markets tumbling.
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Asia stocks tumble after US falls on banking fears (AP)
Posted by admin 324 days ago (http://us.rd.yahoo.com)
Asian stock markets tumbled Tuesday, with benchmarks in Tokyo and Hong Kong down 3 percent or more, after news of mounting bad loans at Bank of America rekindled worries about the financial system and halted Wall Street's six-week rally.
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Bank of America posts 1Q profit but stocks fall (AP)
Posted by admin 324 days ago (http://us.rd.yahoo.com)
Bank of America Corp. warned of worsening loan default problems Monday even as it posted a first-quarter profit of $2.81 billion. Investors concerned about the banking industry's health sent financial stocks and the overall market sharply lower.
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