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Thursday, April 30, 2009

Report: Stress Test Results Delayed

by Calculated Risk on 4/30/2009 08:34:00 PM

From Bloomberg: U.S. Stress Test Results Delayed as Early Conclusions Debated

The Federal Reserve will postpone the release of stress tests on the biggest U.S. banks while executives debate preliminary findings with examiners ... The results, originally scheduled for publication on May 4, now may not be revealed until toward the end of next week ... A new release date may be announced as soon as tomorrow, they said.
Note that President Obama announced today that GMAC would be receiving government aide (as part of Chrysler deal, GMAC will takeover all financing of Chrysler vehicles). GMAC is one of the 19 banks undergoing stress tests.