Tuesday, April 21, 2009

Risk Taken Off The Table As Fears About US Bank Stress Tests Put The Skids Under Equities

Risk was rapidly taken off the table as yesterday progressed, with a number of factors influencing sentiment. First off, while BOA announced a return to profitability on Q1 and beating expectations, a hefty increase in bad loan provisions took the shine off the headline numbers.
Excerpt from: Risk Taken Off The Table As Fears About US Bank Stress Tests Put The Skids Under Equities
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