After a rough opening session on Monday, stocks rallied sharply on Tuesday. The Dow enjoyed a triple-digit gain after oil prices eased and bank shares bounced higher on the possibility of further dividend payouts and share buybacks.
On Thursday night, venture capitalist and DailyFinance columnist Peter Cohan went on CNBC's "The Kudlow Report" to debate whether the banking industry is at the start of a period of recovery, as Goldman Sachs claimed this week. Here's why he argued that Goldman was dead wrong.
European regulators will give details of three different scenarios when they publish the results of their stress tests on European banks, Bloomberg News reported.
Banks will give their estimated Tier 1 capital ratios under a benchmark for 2011, an adverse scenario and a third test that includes "sovereign shock," Bloomberg News said, citing a template that was prepared for the banks.