News Tag: stress tests
March 10, 2010
City watchdog, the Financial Services Authority (FSA), has today announced banks will face stricter stress testing to ensure they can survive a further 4 years of falling economic growth and a 13.3% unemployment rate.
Stress tests were introduced following the financial crisis to ensure that banks had sufficient capital to allow them to continue operating through dire economic conditions.
The ...
FSA to introduce tougher stress tests for banks
by Kay Murchie
November 3, 2009
The UK's FTSE 100 share index fell below the 5,000 mark today due to the overhaul of the UK’s banking sector.
At 11:42 am, London’s FTSE 100 index was 111.56 points lower at 4,992.94, dipping below the 5,000 level for the first time since early October.
Earlier today, the Treasury confirmed plans for Royal Bank of Scotland (RBS) and Lloyds Banking Group ...
FTSE 100 falls below 5,000 mark
by Kay Murchie
May 20, 2009
US Treasury Secretary, Timothy Geithner, expects US banks to repay $25 billion (£16 billion) of bailout funds over the next 12 months.
According to Mr Geithner, the money will be put towards helping other financial institutions in need of assistance.
Mr Geithner told Congress it is imperative that the Government protect the remaining $123.7 billion in its $700 ...
US Treasury anticipates $25bn to be repaid by bailed out banks
by Kay Murchie
May 12, 2009
Marek Belka, the International Monetary Fund’s (IMF) Europe director, is calling for European banks to undergo "rigorous stress tests" like those carried out in US banks.
According to Mr Belka, "Europe is facing the economic storm of a lifetime and it urgently needs to weatherproof its institutions."
As a consequence, Mr Belka is urging European Governments to follow the lead of the ...
European banks to undergo “stress tests”
by Kay Murchie
May 8, 2009
Following the recent stress tests on 19 US banks, it has now been revealed that ten of the banks require a total of $74.6 billion (£50 billion) in extra capital to cover future losses.
The stress tests were conducted by the Federal Reserve to establish which financial institutions are in a position to weather the downturn.
While it was unveiled ...
Ten US banks require $75bn to cover future losses
by Kay Murchie
May 7, 2009
Following the recent stress tests on 19 US banks, carried out to establish which financial institutions are in a position to weather the downturn, the Federal Reserve has revealed that no US banks are at risk of insolvency.
However, the results have revealed that tens of billions of dollars are needed to strengthen balance sheets at several ...
Fed stress tests reveals US banks not at risk of insolvency
by Kay Murchie
