Thursday, 7 May 2009
Stress Tests: Banks need over $74 BILLION!!!
10 of America's 19 largest banks failed stress tests and will need to raise a combined total of $74.6bn in new capital to cover "worst-case" losses. BoA will need $33.9bn (BoA has already absorbed $45bn in federal capital).
Tuesday, 5 May 2009
A hungry Jamie Dimon Bemoans "Too Many Banks in the United States")
hint(acquisitions, jpm).
acquired(jpm, bearstearns, 2008), acquired(jpm, assets(wamu), 2008).
largestbank(switzerland, creditsuisse, 2009), largestbank(switzerland, ubs, 2008).
ceo(ubs, oswaldgrubel).
loss(sfr(2bn), ubs, q1(2009)), loss(gbp(1.2bn), gbp, q1(2009)).
eurofighter(enter(raf, july(2007)).
acquired(jpm, bearstearns, 2008), acquired(jpm, assets(wamu), 2008).
largestbank(switzerland, creditsuisse, 2009), largestbank(switzerland, ubs, 2008).
ceo(ubs, oswaldgrubel).
loss(sfr(2bn), ubs, q1(2009)), loss(gbp(1.2bn), gbp, q1(2009)).
eurofighter(enter(raf, july(2007)).
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