WASHINGTON, May 6 (Reuters) - Banks seeking to repay their U.S. government bailout funds must demonstrate their financial strength by issuing senior unsecured debt not backed by a federal guarantee for a term of more than five years, U.S. financial regulators said.
The 19 banks that were subject to stress tests also must maintain a post-repayment capital base consistent with the new, more stringent guidelines set by regulators.
(Reporting by David Lawder) Keywords: FINANCIAL/BAILOUT REPAYMENT (david.lawder@thomsonreuters.com; +1 202 898 8395; Reuters Messaging: david.lawder.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The 19 banks that were subject to stress tests also must maintain a post-repayment capital base consistent with the new, more stringent guidelines set by regulators.
(Reporting by David Lawder) Keywords: FINANCIAL/BAILOUT REPAYMENT (david.lawder@thomsonreuters.com; +1 202 898 8395; Reuters Messaging: david.lawder.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.