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Thursday, May 7, 2009

CNBC.com's News Now: 'Stress-Test' Scorecard - Bank-by-Bank Results

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Thursday, May. 07, 2009
CNBC.com's News Now CNBC Extended Hours Real-Time Quotes: Now CNBC.com brings you even more of the fast and actionable information you need to respond to market moves - and it's free!    
DOW 8409.85 -102.43 -1.2%  
NASDAQ 1716.24 -42.86 -2.44%  
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WHAT YOU SHOULD KNOW
Stress-Test Results Released; Banks Need $74.6 Billion More
Results of the stress tests show about half of the 19 big banks need to raise billions in capital over the next six months to protect themselves against a worsening of the US economy...
»read more

Dow Loses 1.2% as Banks, Techs Skid
Stocks declined Thursday as bank stocks took a hit and techs dragged on the Nasdaq. The losses deepened after a weak government bond auction...
»read more

AIG Reports Much Deeper Loss than Expected
American International Group reported a quarterly loss that was narrower than last year's shortfall but much deeper than analysts had expected. Shares dropped steeply in late trading...
»read more

'Stress-Test' Scorecard: How the 19 Biggest Banks Fared
US banking regulators released results of the stress tests on the 19 biggest American financial institutions, saying which banks need additional capital to survive a worsening of the economy.
»View Bank-by-Bank Results Now

TODAY'S TOP 5 VIDEOS
1. Dr. Doom: No Stress Test  
Nouriel Roubini, co-founder & chairman at RGE Monitor, also known as Dr. Doom, doesn't put a lot of credibility into the U.S. bank stress tests. He tells CNBC's Martin Soong that the tests aren't stressful enough. Josh Felman, assistant director from the IMF joins in the discussion.

2. Bernanke & the Banks  
Federal Reserve chairman Ben Bernanke speaks at the Chicago Fed's Conference on bank structure and competition.

3. Fallen Sheriff of Wall Street  
Insight on how the financial crisis could have been avoided, with Eliot Spitzer, former New York State governor and Arianna Huffington, The Huffington Post co-founder/editor-in-chief.

4. MLB Suspends Manny Ramirez 
Major League baseball suspends the player for 50 games on alleged use of performance enhancing drugs, reports CNBC's Darren Rovell.

5. Stop Trading, Listen to Cramer!  
Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett.

 

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  TODAY'S TOP BLOG
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Dr Doom: "How To Repair A Failed System"
Today on CNBC Nouriel Roubini, the NYU Stern School of Business professor aka "Dr Doom" said that the stress tests for 19 major banks are not "stressful enough."

The results are supposed to be released later today and without even waiting for them - Roubini charges the tests lack credibility and don't even go far enough because the way he sees it, the actual economic data are far worse than the worst case scenario of these tests.»read more

»See All CNBC.com Blogs

 

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