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Sunday, May 3, 2009

Bank stress test results delayed Until May 7th

Wall Street will have to wait until May 7 to find about how 19 big banks did on the stress tests as regulators push back release of results by three days.

Regulators have delayed releasing the results of stress tests conducted on the nation's largest banks until May 7, government officials familiar with the matter said Friday.

The government expects to release its assessment next Thursday afternoon and will provide information both on individual companies as well as the overall group, according to sources.

For weeks, Wall Street has been anxiously awaiting the results of the tests, which regulators originally indicated would be announced on May 4.

So park the truck, crack open a beer and pop a squat we waiting even longer.

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