Government official: "Bank Test Results to Come Thursday"
The Federal Reserve will release "stress tests" results for the nation's biggest banks on Thursday, according to a government official.
Deliberations between banks and regulators about the tests' results pushed back the release date, which initially was expected to be earlier in the week.
In addition to an overall snapshot of the health of the 19 large banks being assessed, the Fed will provide detail about individual banks, according to the official, who spoke on condition of anonymity.....Complete Story
"Stocks in U.S. Still Looking for Traction"
Stocks in New York were testing both sides of the flat line Friday as investors took in more signs that the economic decline may be slowing, but also learned that they will have to wait a bit longer to learn about the testing that's been done on big U.S. banks.
The Dow Jones Industrial Average was recently rising 7 points to 8175, and the S&P 500 was up just more than a point at 874. The Nasdaq was slipping fractionally to 1717.
Old economy stocks were among the Dow 's leaders, with Alcoa (AA Quote) and Caterpillar [CAT Quote] gaining 3.8% and 2.1%, respectively. General Motors (GM Quote) had the worst showing, losing more than 7% a day after its competitor Chrysler's filed.....Complete Story
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