Word: stressful
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...past few weeks the Obama Administration has started to believe that the market is doing a good job of differentiating between good banks and problem banks, according to the Administration official. That belief, the official says, gives the Treasury the confidence that it can release individual results of the stress tests without disrupting the market, or unduly forcing a bank out of business...
...Doug Elliott, a former investment banker and fellow at the Brookings Institution, says that he thinks releasing the results of the bank stress tests is the right move. "For the test to instill any additional confidence we are going to need to know the results," he says. "It is going to be very hard for these companies to raise additional capital on their own. So whatever funds they need are going to come from the taxpayer. So we should know how much that is and who it is going...
...Administration source says that the stress tests have uncovered the fact that risk controls at major financial institutions, even those that haven't failed, were much too loose. But the most surprising result from the stress tests and related discussions may be this: bankers continue to appear oblivious to the nation's insistence that regulations be put in place to keep banks from ever again putting the economy at such risk. "I just don't think they get it," the official says, referring to bankers' unwillingness to take responsibility for past behavior. "Bankers seem to have no understanding how much...
...demands for the head of Citigroup (C) CEO Vikram Pandit have not ended and may rise to a crescendo again if the bank receives poor "stress test" ratings from the federal government. The drumbeat of dissatisfaction about Ken Lewis, head of Bank of America (BAC), has gone on for months. Recently, proxy advisory RiskMetrics/ISS Governance Services recommended that the financial firm's shareholders vote Lewis...
...Bulldogs.“In the 4x100, freshman Chuma Ogunwole was sick and tore his hamstring,” Geloneck said. “We messed up the handoff, and were disqualified.”Rookie Jon Dingus also sat out on the sidelines with either a broken or stress-fractured foot.“I think it’s important to remember that a lot of people on our team are freshmen and sophomores, so we’re a young team,” Geloneck said. “[Yale] had a lot of experience...