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Stress Tests Could Provide New Headaches For Banks

Law360 (April 16, 2009, 12:00 AM EDT) -- As part of its bank rescue plan, the Obama administration decided the financial sector needed a stress test to determine just how prepared it was to deal with any more shocks like the subprime mortgage collapse and the subsequent arrest of the credit markets.

The administration will announce the results of its contingency testing on the 19 U.S. financial institutions with assets of $100 billion or more on or around May 4, despite an initial reluctance to do so. The coming release of the results has...
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