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| Version 1 | Version 2 |
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| US banks 'safe from insolvency' | US banks 'safe from insolvency' |
| (10 minutes later) | |
| No US bank being screened by regulators is at risk of insolvency, US Treasury Secretary Timothy Geithner has said. | No US bank being screened by regulators is at risk of insolvency, US Treasury Secretary Timothy Geithner has said. |
| The results of "stress tests" on the financial health of 19 US banks are to be released after US financial markets close at 2200 BST. | |
| The tests are expected to show that tens of billions of dollars are needed to bolster some banks' finances. | The tests are expected to show that tens of billions of dollars are needed to bolster some banks' finances. |
| Citigroup and Bank of American are widely expected to need to raise the biggest amounts of cash. | Citigroup and Bank of American are widely expected to need to raise the biggest amounts of cash. |
| US banks are being tested to see if they have sufficient cash reserves to cope should the recession worsen. | US banks are being tested to see if they have sufficient cash reserves to cope should the recession worsen. |
| "We brought the nation's financial supervisors together, and in an unprecedented step, asked them to do a careful look under the hood, to take a careful look at how much - how strong these institutions were in the event things got worse," Mr Geithner said in a television interview with the US's Charlie Rose Show. | "We brought the nation's financial supervisors together, and in an unprecedented step, asked them to do a careful look under the hood, to take a careful look at how much - how strong these institutions were in the event things got worse," Mr Geithner said in a television interview with the US's Charlie Rose Show. |
| The results would bring transparency and improve confidence in the banking system, he said. | The results would bring transparency and improve confidence in the banking system, he said. |
| Mr Geithner said he believed that the majority of the banks would be able to raise money from private sources but if they were unable to do so the government may have to provide them with more taxpayer money. | Mr Geithner said he believed that the majority of the banks would be able to raise money from private sources but if they were unable to do so the government may have to provide them with more taxpayer money. |
| "None of these 19 banks are at risk for insolvency," he said. | "None of these 19 banks are at risk for insolvency," he said. |
| He added that if the government's stakes in any bank were to rise above 30% as a result of extra capital injections, the government would consider taking a more active management role. | He added that if the government's stakes in any bank were to rise above 30% as a result of extra capital injections, the government would consider taking a more active management role. |
| "If we face those situations, we'll have to make judgements about whether the quality of leadership of those board is strong enough so that, again, our interest are met best," Mr Geithner said. | "If we face those situations, we'll have to make judgements about whether the quality of leadership of those board is strong enough so that, again, our interest are met best," Mr Geithner said. |