Sat, May 09, 2009 - Page 1 News List

US bank stress test results 'not scary'

RELATIVELY ROSYEconomists said the government's examination of the US' largest banks had helped to clear the air of uncertainty as bank shares got a boost

AP , WASHINGTON

Describing the purpose of the tests, Federal Reserve Chairman Ben Bernanke said at a news conference with Geithner: “This is to make sure banks have enough capital to offset the losses we know are coming in the next couple of years.”

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