The results of bank stress tests released this week, do not bear good news. The bottom line is that at total of $75 billion needs to be raised from 10 major banks to prop them up for losses that could come from a deepening recession.
Here is a Top 4 summary of who needs what in the next six months:
Bank of America (BAC) will have to raise $33.9 billion;
The question people are asking is whether this is the worst news yet? Or whether it is news that the worst is over?
There is no easy answer. The truth is that if unemployment continues to rise, housing prices continue to fall and the economy continues to shrink, then much more money might be needed as problem bank loans could be on the rise.
Wells Fargo Shows Green Leadership By Surpassing The $2-Billion Mark With LEED Certified Financing.
Wells Fargo has passed the $2 billion mark in lending for Leadership in Energy and Environmental Design (LEED®) certified buildings. Maybe not too surprising, the bank was one of the first to be LEED pre-certified for New Construction.
The failure of Lehman Brothers is seen as the last straw that broke the credit market. The financial markets have been in a state of complete disarray ever since the U.S. Government allowed Lehman Brothers to file for bankruptcy on September 15th 2008 instead of intervening to save it as it had done with Bear Sterns and later with the insurance company, American International Group.
Wells Fargo credit card and bank card customers have another choice in redeeming rewards points. Now, in addition to gift cards or airline tickets, Wells Fargo is offering up wind power. 5,000 points will get you 6,000 kilowatt hours, which they say is "equivalent to the clean air benefits of three acres of pine forest storing carbon for one year." 10,000 points will
Your credit just got a little greener. 
