Fed: Banks must keep quiet on performance results

04/10/2009 | New York Times (tiered subscription model), The

U.S. banks subject to "stress tests" have been ordered to not divulge the results for fear that negative information could cause stock prices to plummet. The U.S. Federal Reserve has issued the directive to Goldman Sachs, Citigroup and other financial institutions as it plans to release the information itself after earnings conference calls later this month.

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New York Times (tiered subscription model), The

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