Detail Bank capital: Test of nerves   Oleh:  The Economist Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 391 no. 8628 (Apr. 2009), page 72. Topik: Tim Geithner; Treasury; American Banks Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.54 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel NERVES are fraying ahead of the Treasury’s stress tests of American banks. On April 20th a leak of the results, claiming most banks were insolvent, terrified traders before being exposed as a hoax. Officials are Delphic. On April 21st Tim Geithner, the treasury secretary, told Congress that “the vast majority” of banks have enough capital. Then again, he said the results of the bail-outs were mixed. How the tests will be unveiled is hardly any clearer. The Treasury says it will reveal some results on May 4th. A banal statement that all banks are fine would be met with derision. But if the gory details are disclosed and some banks fail the test, they will face a sell-off. Investors will probably bet that they will be unable to raise private capital within the six-month window permitted by the Treasury, and that the price of more government cash will be to wipe out existing shareholders and impose a “haircut” on junior bondholders. Ideally, the results and any capital-raising would be announced simultaneously for all banks. But for an industry barely capable of holding a keg party in a brewery, that may be an organisational feat too far. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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