U.S. to soon give banks guide for TARP exit-sources - By Karey Wutkowski - U.S. officials could lay out as soon as Wednesday guidelines for how banks can repay taxpayer bailout funds, sources familiar with administration thinking said on Tuesday. One key condition is expected to be that banks are able to participate in the credit markets without the help of government facilities, such as the Federal Deposit Insurance Corp’s debt guarantee program, the sources said, speaking anonymously because the guidelines have not been made public. - Reuters
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Bank of America to need $34 billion in capital: source - By Karey Wutkowski and Jonathan Stempel - … , according to the results of a government stress test, a source familiar with the results told Reuters late on Tuesday - Reuters
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Citi may need $5-$10 billion in new capital: report - Citigroup Inc may have to raise $5-$10 billion in new capital to meet a U.S. government requirement that it holds up to $55 billion in capital, the New York Times said, citing people familiar with the matter. - Reuters
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1 admin // May 6, 2009 at 4:32 am
JPMorgan CEO says banks to tell test results Fri. - -The chief executive of JPMorgan Chase & Co said on Tuesday he expects most firms will release the results of the U.S. government’s stress tests to shareholders on Friday. - Reuters
http://uk.reuters.com/article/marketsNewsUS/idUKN0537073220090505
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