Bank Stress Test Results Will Be Delayed

It is amazing how strong the stock market has been given this nonsense.

The Federal Reserve will postpone the release of stress tests on the biggest U.S. banks while executives debate preliminary findings with examiners, according to government and industry officials.

The results, originally scheduled for publication on May 4, now may not be revealed until toward the end of next week, said the people, who declined to be identified, according to Bloomberg. A new release date may be announced as soon as tomorrow, they said.

Bloomberg continues:

Regulators and bank executives are concerned about how the disclosure is handled because weaker institutions could suffer a collapse in their stock prices.

Yup, news of a bank being partially nationalized will do that to the stock.