Arab Today, arab today banks could withstand euro shocks
Last Updated : GMT 15:43:15
Arab Today, arab today
Arab Today, arab today

Banks could withstand euro shocks

Arab Today, arab today

Arab Today, arab today Banks could withstand euro shocks

New York - Arabstoday

Federal Reserve Chairman Ben Bernanke told a congressional panel Wednesday that U.S. banks could withstand shocks from Europe, even if the debt crisis there significantly worsened. The U.S. banking system remains exposed to Europe, but stress tests conducted by the Fed found most banks could weather a severe recession, Bernanke said during a hearing of the House Oversight and Government Committee. \"Although a blow up in Europe would be very costly to the American economy, I think we are in much better shape to meet those challenges than we were a few years ago,\" Bernanke told the committee. The Fed looked at how the 19 largest U.S. bank holding companies would handle a recession that drove the unemployment rate to 13 percent and cut stock prices 50 percent. The stress tests found all but four were strong enough to survive.Bernanke said U.S. financial firms and money market funds have had time to adjust their exposures and hedge their risks. While those exposures have been reduced, Bernanke said that roughly 35 percent of assets in U.S. prime money market funds are European holdings. The Fed chairman also noted developments that have minimized the danger overseas. Bernanke pointed to bailout support that European leaders provided in exchange for deep budget cuts by the Greek government and he highlighted the agreement by private creditors to reduce Greece\'s debt. Treasury Secretary Timothy Geithner told the committee that the Obama administration will not ask Congress for more money to help debt-laden European countries. Still, Greece\'s international creditors see \"significant risks\" that the country might fail to bring down its debt burden within targets, according to a document seen by The Associated Press on Tuesday. The creditors say Greece\'s program of austerity measures and structural reforms \"could be accident prone,\" according to the report from the International Monetary Fund, the European Commission and the European Commission.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today banks could withstand euro shocks Arab Today, arab today banks could withstand euro shocks

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday