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Business Daily: Business Daily Stress Tests 24 Nov 11

24/11/2011

Business Daily Stress Tests 24 Nov 11

BBC World Service - Business Daily, Business Daily Stress Tests 24 Nov 11

Are the toughest ever US bank stress tests a cure for anxiety, and a model for Europe?

Why the Federal Reserve is calling for the toughest stress tests ever for its banks. Why, despite the crisis, business is booming in Israel; and why the cost of dying is spiralling in South Africa.

European banks may be crumbling but the Federal Reserve reckons it's time for the toughest stress tests yet to prove that US banks can really cope with the worst that's thrown at them. Smart move or recipe for disaster? We ask a former US Deputy Treasury Secretary, Stuart Eizenstat. 

Also, we have a report from Israel where, despite the crisis, business is still booming. 

And we hear from a Thai businessman who, after the flood disaster in his country, is still bailing out water from his sodden widgets. 

And finally the BBC's Milton Nkosi tells us why the cost of dying is spiralling in South Africa.

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