Large US banks pass Fed’s second round of stress tests
Fed approves capital plans of 17 of largest banks, which now can increase dividend payments and share buybacks
The US Federal Reserve has announced that the largest banks operating in the US have passed the second round of its annual stress tests.
It made a partial exception for Credit Suisse’s US subsidiary, which was told to address weaknesses in its capital planning by October 27.
The Comprehensive Capital Analysis and Review (CCAR) evaluated the capital planning processes and capital adequacy of 18 of the largest banking firms. This includes their plans for dividend payments and share buybacks.
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