Quaint. - Ed.
Feb. 24 (Bloomberg) -- President Barack Obama aims to dispel the cloud over U.S. banks that has driven their shares to a two- decade low by subjecting them to rigorous reviews and reviving the market for their toxic assets.
Officials will begin so-called stress tests of about 20 of the nation’s largest banks tomorrow with the aim of ensuring they have sufficient capital to withstand the toughest of economic times. Institutions that aren’t able to raise needed capital privately will get taxpayer money, regulators said yesterday.
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