Fed governors Daniel Tarullo and Jerome Powell, in separate public comments on Thursday, said the Fed would require eight of the largest U.S. banks to maintain more equity to pass the central bank’s annual “stress tests.”
“Effectively, this will be a significant increase in capital,” Mr. Tarullo said on Bloomberg television.
Banks Pass Coronavirus Section Of Stress Test, We Think
It’s hard to say, but they can get ready to cut some dividend checks.
Maybe Banks Could Opt Out Of Stress Tests The Way Bankers’ Kids Opt Out Of Standardized Tests
Or "How Banks Learned To Stop Stressing And Sue The Fed."
Banks Throwing Lavish Stress-Test Graduation Parties With Money Carefully Hoarded To Pass Stress Tests
And why not? It’s not like they’ll need those capital buffers anymore, and there’s much to celebrate.
Guy Getting Fed Bank Supervision Role Might Actually Want To Supervise Banks
Gary Cohn wins again!
Banks Have A Right Mind To Sue The Fed Over Stress Tests
Apparently said tests are illegal, according to a group whose members "include senior executives at big banks J.P. Morgan Chase & Co., Citigroup Inc., Goldman Sachs Group Inc., Wells Fargo & Co., and State Street Corp."
We (The U.S.) Are The Champions (Of The U.S. Stress Tests)
US units of foreign banks, less so.