The Federal Reserve plans to deliver results of stress tests on U.S. banks to executives today. The test is expected to show that 10 companies need additional capital to weather a deeper recession.
The Federal Deposit Insurance Corp. may offer investors financing to buy distressed U.S. bank assets without requiring them to share an equity stake with the Treasury, according to people familiar with the matter.
France objects to hedge fund proposals (Fund News)
France has warned that Europe risks opening the door to a ??Trojan Horse? of offshore hedge funds if it adopts plans circulating in Brussels to regulate the industry.
The deteriorating global economy means financial institutions now face total losses of $4,100bn on loans and other assets, the International Monetary Fund said on Tuesday, urging governments to take ??bolder steps? to shore up institutions ?? including nationalising them where necessary.