Financials

Bank “Stress Test” Results Update

Results will be announced on May 4th, not tomorrow as was reported yesterday.

Here’s why the misunderstanding:

The process enters a critical final phase on Friday, when regulators begin discussing their findings with the banks. U.S. officials also will outline publicly the process they followed in an attempt to show how rigorous the testing was.

The final results will be announced on May 4.

Source: Reuters