The Stress Tests - What The Smart Money Says
More in BUSINESS NEWS
back-up- Meet Goldman Sachs' Newest Managing Directors
- Geithner On Financial Regulatory Reform
- Free Job Postings Until 31.03.2010
- Bank Tells Staff To Knock Off Early To Make Babies
- 'Do I Seem Like A Guy Who Throws Chairs ?'
- Best Place To Work Update
- Office Humour - Warning, Some May Find This Offensive
- City Bankers Prepare For Disaster Scenario
- John Thain Defends Wall Street Bonuses
- Click Here To Register For Free News E-Mail Alerts
- Lazard Names New CEO
- Top Firm Told To Give Up Bonuses
- Government Accused Of Botching Major Bailout
- UBS Reveals Its Hand
- The Dash For Trash
- Too Big To Fail
- 'Sorry - But Christmas Is Cancelled'
- Regulator To Have Power To Tear Up Banker Pay Contracts
- IT Programmers Accused Of Being Madoff Accomplices
- Cityboy On Corporate Social Responsibility
- Top Firm To Unveil Turnaround Strategy
- The Obvious Candidate To Succeed Ken Lewis Is Ken Lewis
- Quit The UK To Avoid Higher Taxes - Poll Results
- Bankers Forced To Take Second Jobs To Make Ends Meet
- Goldman Kitten Payments Go A Stray
- More Compensation News
- Best Place To Work 2010 - Vote Now
- Banker Eye Test
- Goldman Sachs - View From The Top
- The Lloyd's Prayer
- Exec Claims Hedge Fund Boss Hired Hit Man To Kill Her
- $125m-A-Year Banker's Wife Says She Was Treated Like 'Mail-Order Bride'
- 'The Sell Out'
- 'Many Of You Have Seen Life Savings Vanish'
- Tough Times For Expenses - £5 For Lunch
- Tragic Banker Rehearsed Suicide Before Killing Himself
- Bear Stearns Fraud Case - The Verdict
- Even More Compensation News
- CEO Says That History Will Vindicate Him
- Traders Desperate To Get 'The Clap'
- Reservoir Gods
- Who Was Mr Angry During The Financial Crisis ?
- JPMorgan Chase Compensation Letter
- Regulator Warns - 'Yes, That Does Mean People Go To Jail'
- Brokers Complain Of Bailed-Out Banks Bullying Tactics
- Best Place To Work - Previous Winners
- Best Place To Work 2009 Results - The Top 100 Firms
- CEO Says He Could Top Himself & People Would Cheer
- Top Firm Hires 78-Yr-Old / Ex-Boss Says 'Sorry' For Citigroup
- Top Firm Said To Be At Loggerheads
Related Content
- Lehman Brothers - What The Smart Money Says (14/09/2009)
- Pay Czar's Wall St Compensation Cuts - What The Smart Money Says (23/10/2009)
- IT Recruitment - The Smart Way (26/10/2009)
- 'Madoff With The Money' (14/09/2009)
'I think the results will be, on balance, reassuring. None of the 19 banks are at risk of insolvency.....There are very significant cushions in these institutions today, and all Americans should be confident that these institutions are going to be viable institutions going forward'.
US Treasury Secretary Tim Geithner (Charlie Rose, PBS Television)
'This whole process has been a fiasco. There are strongly different opinions on the conditions of these banks. This has aggravated it without necessarily settling anything. The majority of the sentiment is that the stress test results (will be) too optimistic'.
Bert Ely, banking consultant, Ely & Co (CNBC)
'The market likes the certainly of putting numbers on the worst-case scenarios of how much capital these banks need'.
Chris Armbruster, analyst, Al Frank Asset Management (Reuters)
'What is positive is that there's a line being drawn. There's a number being put on the table'.
Jim Reichbach, vice chairman, Deloitte (The New York Times)
'It doesn't change anything fundamentally. You cannot continue to have non-performing assets grow at 50% a quarter. Losses will swamp earnings'.
Paul Miller, banking analyst, FBR Capital Markets (CNBC)
'This is sending a message that the banks need more capital, but their losses are manageable and the system is solvent. Whether it sticks is something else'.
Kevin Fitzsimmons, analyst, Sandler O'Neill (The New York Times)
'There's a lot of cynicism over the results of these tests. But US authorities cannot afford to get them wrong. Should these large firms come back to the table for more capital after being given the all-clear by Fed and Treasury, the financial markets will cease up, equities will hit new lows, and we will be back to where we were immediately after the fall of Lehman'.
Vic Daniels, Editor, Here Is The City
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.











