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Tuesday, April 07, 2009

Report: Stress Test Results Delayed

by Calculated Risk on 4/07/2009 02:27:00 PM

From Reuters: Source: Bank 'stress test' results delayed (ht Branden DD49)

The U.S. Treasury Department is planning to delay the release of any completed bank "stress test" results ...

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 source ... said officials do not want any test results released before the earnings season wraps up for most U.S. banks on April 24.
The original time frame was no later than the end of April, so this is still on schedule. We definitely need institution-specific results.