US stress test results delayed
Bloomberg
The results, originally scheduled for publication on May 4, now may not be revealed until toward the end of next week, said the people, who declined to be identified. . Regulators and bank executives are concerned about how the disclosure is handled because weaker institutions could suffer a collapse in their stock prices."Everybody understands they’ve got a tiger by the tail here," said Mark Tenhundfeld, a senior vice president at the American Bankers’ Association in Washington. "If they don’t let him go gently, there will be a lot of mauling going on." The 19 firms include Citigroup, Bank of America, Goldman Sachs Group, GMAC, MetLife and regional lenders. The banks in the test hold two-thirds of the assets and more than half of the loans in the U.S. banking system, according to a Fed study released April 24.
