Press Secretary Robert Gibbs says the Fed's bank stress tests – results will be unveiled Thursday – may lead to some management changes.
“There are a significant number of people who have begun to ask whether existing management is up to the task,” former Federal Deposit Insurance Corp. Chairman William Isaac said in an interview last week. The “judgment call” on whether to fire the CEOs of bailed-out banks should be made by the regulators, not the White House, said Isaac, now head of Secura Group, a consulting firm in Vienna, Virginia.
May 6, 2009 6:01 PM
Aluminum maker's operating losses double, company names new CFO; loans power local bank's growth
May 6, 2009 2:18 PM
So says the Journal:
It's possible Wall Street is being overly optimistic about the impact of the results and the resulting dash by banks to bolster capital. One big risk worrying industry officials is that the market will view banks on the list as insolvent when the official results are announced Thursday, even though Fed officials have repeatedly said that's not the case.SEE ALSO: BofA may need 34 really big ones and Are Regions and SunTrust part of The Stress Test Six?
May 5, 2009 10:55 PM
Howe Barnes researcher sees 'kitchen-sink' quarter, says TARP payoff will be 'much more complicated'
May 4, 2009 3:21 PM
Company took on relationship with failed bank as part of PrimeTrust acquisition
May 4, 2009 8:38 AM
Senior VP will lead new entertainment division
May 4, 2009 7:41 AM
Sources tell Bloomberg that six of the 19 banks that underwent the Federal Reserve's stress tests will need more capital to cushion themselves against loan losses. Analysts at Morgan Stanley said late last week that Regions and SunTrust, the parent companies of Nashville's No. 1 and 3 banks, are likely to be among them.
Apr 29, 2009 7:50 AM
POSTDATA: WARRANTY DEEDS