Wells Fargo asked to raise money after stress test

Courtesy Newsvine - business  Mon, 05/04/2009 - 09:13

Regulators are asking Wells Fargo & Co. to raise more capital after government "stress tests" showed the bank would have trouble surviving if the recession worsens.


 

Related items

World's Biggest Banks Could Fail Stress Test
The world's biggest banks - four of them British - have been told to undertake sweeping reforms, or risk failing critical stress tests.

Wells Fargo 3Q profit up 21 percent, revenue slips
Wells Fargo & Co. on Monday said that its third-quarter profit jumped 21 percent, as write offs of bad loans dropped while deposits grew.

Wells Fargo reaches $590M Wachovia settlement
Wells Fargo & Co. says it has agreed to pay $590 million to settle a class-action lawsuit filed by investors in Wachovia securities.

BlueAnt UNOTPBAX53 X5 Bluetooth Stereo Headphone...
The X5 Stereo Bluetooth Headset is a portable multi-function device utilizing the latest cutting edge technologies allowing you to stream high quality music and make voice calls using a...

Uniden TRU9496 2-Line Corded/Cordless Digital...
With the Uniden TRU9496 5.8 GHz Digital 2-Line Expandable Phone System is the next generation of 5.8 GHz cordless phones. It's a full-featured digital answerer, with a Dialing keypad and a...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com