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This is Money
Citigroup and Bank of America (BoA) face the embarrassing prospect of asking for billions of dollars more in American taxpayers' funds after purportedly failing the US Treasury's financial stress tests.
US banks may seek billions more from taxpayers
Banks on both sides of the Atlantic are being warned by regulators that they must hoard additional capital to weather the recession and future economic storms, in another series of steps designed to limit the risk-taking that pumped up the industry's earnings during the credit boom.
Banks told to bolster their capital reserves
The rate of decline in US house prices slowed in February and consumer confidence among Americans rose by the greatest amount since 2005 during April, in early signs that the economic recession might be slowly beginning to thaw.
US housing price falls start to slow
As concerns over a swine flu pandemic continued to affect the financial markets, Moodys estimated in a research note on Tuesday that the macroeconomic impact of a mild flu pandemic could cost 1.4m lives and reduce global GDP by 0.8% or $330bn.
Moodys warns on swine flu impact
America's lead financial regulator is investigating as many as 150 hedge funds as it cracks down on fraud at the height of the recession.
SEC shines spotlight on 150 hedge funds
The primary risk to the gold price is a return of the "Goldilocks" economy, according to analysts at a firm of asset managers.
Goldilocks and the bear case for gold