IMF Says U.S. Financial System May Need $76 Billion in Capital
The U.S. financial system remains fragile and banks subjected to additional economic stress might need as much as $76 billion in capital, according to the results of International Monetary Fund stress tests.
 David Cameron Raids Dormant U.K. Accounts as Minister Attacks BanksU.K. Prime Minister David Cameron announced plans to use “hundreds of millions of pounds” from dormant bank accounts to fund community projects, while Business Secretary Vince Cable said lenders “ripped off” customers. |  Law Remakes U.S. Financial Landscape: Senate Passes Overhaul That Will Touch Most AmericansCongress approved a rewrite of rules touching every corner of finance, from ATM cards to Wall Street traders, in the biggest expansion of government power over banking and markets since the Depression. |  European banks mull 20-bln-euro private bailout fund: reportSome big European banks are mulling the creation of a 20-billion-euro private sector recovery fund to bail out troubled financial institutions, the head of UniCredit bank told a newspaper on Monday. |  Greece Considering Legal Action Against U.S. Banks for CrisisGreece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou said. |  EU Preps $645 Billion Fund to Fight ‘Wolfpack,’ Debt CrisisEuropean Union finance ministers moved toward agreement on an unprecedented loan package worth at least $645 billion to prevent Greece’s fiscal woes from triggering a broader sovereign-debt crisis and shattering confidence in the euro. |  Merkel blasts 'treacherous' banks in Greek crisisGerman Chancellor Angela Merkel on Thursday slammed "treacherous" practices by banks during the Greek crisis and said governments must crack down on speculators hunting profits in the turmoil. |  Goldman Sachs: the bank that thought it ruled the worldGoldman Sachs was ‘doing God's work' - but it is now being investigated for fraud. Harry Wilson reports. |  IMF Says U.S. Financial System May Need $76 Billion in CapitalThe U.S. financial system remains fragile and banks subjected to additional economic stress might need as much as $76 billion in capital, according to the results of International Monetary Fund stress tests. |
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