Word: teste
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Dates: during 2000-2009
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...When the stress tests were completed last month, the Treasury Department and regulators gave banks deemed to need capital a month to detail how they would raise it. For the banks that passed the stress test, they were told to report back on how they plan to repay taxpayers. Monday, June 8, was set as the deadline for turning in those plans to regulators. (See 25 people to blame for the financial crisis...
...many of the banks deadline day will pass with little fanfare. Like the stress test before, the month of preparation the banks have had before submitting their capital plans has in general shown that the banking industry is stronger than many thought. Banks were able to raise capital in May and early June with surprising ease. Selling new shares usually makes a company's stock price go down because the earnings-per-share pie gets cut up into more slices. But many of the banks have been able to raise cash and have their stock price continue to rise...
...result is that many more banks than expected have the resources to repay the billions they got from the Troubled Asset Relief Program back in October. Morgan Stanley, for instance, came out of the stress test a month ago in need of $1.8 billion in additional capital. But in the past month the bank was able to raise nearly $7 billion by selling new shares of stock. The result: Morgan says those stock sales and other moves will allow the bank to repay all of its TARP funds by the end of June. And Morgan won't be alone...
...Then there is Fifth Third Bancorp. The Cincinnati-based financial firm is one of a number of banks that have had to spend the past month pulling off some fancy financial gymnastics to meet their capital requirements. The stress test found that Fifth Third was $1.1 billion short of the common equity it needed to be considered well funded. Earlier this week, the bank announced that it had raised $1 billion by selling new stock. But that left the bank $100 million short of its goal. So the bank couldn't stop there. Instead, it offered $365 million...
...friend who is a retired orthopedist. "He said he was pretty sure it was my Achilles, but I wanted an MRI to be sure. He just said 'fine' and gave me the prescription." I spoke with Frank and showed him the powerlessness of his ankle - the squeeze test. I even had him put his finger into the divot in his tendon. I tried to be gentle about bringing up the s word - surgery - but when I finally broached it, he shot back with, "But you haven't even looked at the MRI yet. I heard...