Stressed-out investors want govt to put them out of their misery
China Daily | Updated: 2009-04-30 07:51
Some investors are finding the stress tests to be mighty stressful, and wish the government would just disclose the final results.
The US government is telling Citigroup it may need to raise more capital, sources said, and the Wall Street Journal reported that Bank of America may be facing similar pressure. European and Asian markets fell on the news, and shares of both banks were clobbered on Tuesday.
Meanwhile, analysts and investors are applying their own stress tests, and the results are evident in the market. Wells Fargo & Co shares dropped 4 percent on Tuesday, while SunTrust Banks Inc fell 6.1 percent.
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