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US to delay bank test results for earnings

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53chevy   Tuesday, 04/07/09 01:41:20 PM
Re: 53chevy post# 13
Post # of 65 
US to delay bank test results for earnings

Tue Apr 7, 2009 1:09pm EDT

* Delay would avoid 1st quarter results period

* Source: Treasury still mulling stress test disclosure
By Karey Wutkowski

WASHINGTON, April 7 (Reuters) - The U.S. Treasury Department is planning to delay the release of any completed bank stress test results until after the first-quarter earnings season to avoid complicating stock market reaction, a source familiar with Treasury's discussions said on Tuesday.

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.

http://www.reuters.com/article/marketsnews/idUKN0747118320090407?rpc=33

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