Join our investing community

More Banks Will Need Capital

Discussion in 'Finance & Banking' started by Tropo, 5th May, 2009.

  1. Tropo

    Tropo Well-Known Member

    17th Aug, 2005
    More Banks Will Need Capital

    The Fed plans to release the results of the stress tests on Thursday after U.S. stock markets close.
    Anticipating the test results, McGraw-Hill Cos.' Standard & Poor's Ratings Service unit put on watch for downgrade the credit ratings of 22 banks and one thrift.
    The affected companies face at least a 50% chance of being downgraded by at least one notch in the next 90 days.
    More Banks Will Need Capital -