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Citigroup need for capital may be "manageable"
) would need to raise after U.S. stress test results are finalized is likely to be "manageable" if the bank needs to raise funds, people familiar with the matter said on Friday.
BBC

Citigroup need for capital may be ``manageable``: sources
NEW YORK (Reuters) - The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be 'manageable' if the bank needs to raise funds, people familiar with the matter said on Friday.
Reuters

Silverton impact spreads far and wide
The ripples of Silverton Bank's failure -- the proverbial rock thrown into the puddle -- are just beginning to spread, in the wake of news late Friday the bank was seized by federal regulators.
Biz Journal

America West Bank shuttered
America West Bank, based in Layton, was seized Friday by the state for failing to raise enough money to stay in business. Utah Department of Financial Institutions (UDFI) commissioner G.
The Salt Lake Tribune

South Africa Hikes Rates, but Interest Rate Differential is Preserved
Yesterday, the South African Reserve Bank (SARB) lowered its benchmark interest rate by 100 basis points to 8.5%. Since December, the Central Bank has now cut rates by 3.5%, from a high of 12%. [As an aside, the SARB uses a repo rate to conduct policy, as opposed to a discount rate. In theory, a [...]
Forex Blog

Dow up 44 despite weak auto sales
Ford's April sales actually beat Toyota's; both are sharply lower from a year ago. Stocks rally in the last half-hour. Banks slip as stress test results are delayed. Americans are feeling better about the economy. Continental cuts flights to Mexico.
MSN

Hawthorn Bank parent's earnings fall
Hawthorn Bancshares Inc. saw a slight decrease in first-quarter earnings, mainly from increased expenses and loan-loss provisions.
Biz Journal

Wall St edges up ahead of `stress tests`
Wall street stocks wobbled higher overnight as investors digested mixed economic data and braced for the results next week of 'stress tests' on the US banking system.
The Australian

Canadian Dollar Strength Could Evaporate Should Labor Data Stumble
The Canadian dollar has exhibited tremendous strength this past week, brought on by the Bank of Canada's hesitation to adopt quantitative easing and a...
Daily FX

Ocean Bank loses $49M in Q1
Ocean Bank lost $48.9 million in the first quarter, a big improvement over its $141.1 million loss in the fourth quarter.
Biz Journal

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