Really? Whatever would cause them to do that?
The U.S. Treasury Department is planning to delay the release of any completed bank stress test results until after the first-quarter earnings season to avoid complicating stock market reaction, a source familiar with Treasury's discussions said on Tuesday.
The Treasury is still talking about how results of the regulatory stress tests on the 19 largest U.S. banks will be released, and may disclose them as summary results that are not institution-specific, the source said.
The government is testing how the largest banks would fare under more adverse economic conditions than are expected in an attempt to assess the firms' capital needs. The tests are due to be completed by the end of April, but Treasury has said they may be finished before then.
The source, speaking anonymously because the Treasury has not made a final decision on what to disclose, said officials do not want any test results released before the earnings season wraps up for most U.S. banks on April 24.
Treasury did not immediately respond to a request for comment.
-snip-
http://www.reuters.com/article/marketsnews/idINN0747118320090407?rpc=33From
http://tickerforum.org/cgi-ticker/akcs-www?post=90519">Ticker Forum:
From Stockmonger (OP):
Where to begin...
1. The Treasury now wants to manipulate the stock market, even if it means breaking the law?
2. The whole point of this exercise was transparency, now they're not going to release results?
3. If there's a capital hole, the law says they must put the bank into receivership.
4. They're going to prevent a panic by peeking in the box, turning white, and refusing to tell the public what they saw?
Treasury is now the banks' hired PR firm.
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
