News, analysis and personal reflections on the markets & the financial sector

Monday, February 23, 2009

Regulators reportedly to launch "stress test" of banks

Financial regulators plan to provide major banks with an "extra cushion of support" if necessary, said a source familiar with the plans of the Obama administration. The regulators are expected to offer additional information about the "stress tests" to banks in the next few weeks. The administration is trying to ensure that they can withstand a deeper recession.

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