Archive for May, 2009

05May

US Bank Aid on Hold

Posted by admin as Business

Director of the U.S. National Economic Council, Larry Summers, said that banks in trouble are no longer offered federal funds, without trying to raise money from the markets.
Nineteen U.S. banks are in the “stress-tests”, the government is an analysis to determine whether the top U.S. banks at a severe recession to their ability to pay, [...]