Wall Street Tumbles as Stress Tests Loom, Investors Dump Financials

by Benjamin Domenech on 6:07 pm April 20, 2009

NEW YORK – Investors are back to worrying about banks. Long-present unease about soured loans bubbled over on Monday after Bank of America Corp. said it set aside $13.4 billion to cover lending losses, even as it posted a profit for the first quarter, and as anxiety grew about the results of the government’s “stress tests” to determine if banks will need more government bailout money.

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