US banks question stress-test discrepancies

Bank of America and Citigroup open talks with Fed about differing results


Two large US banks have contacted the Federal Reserve about discrepancies between their stress-test filings and those published last week by supervisors.

Bank of America, the country’s second-largest bank by asset size, said on July 3 it was in talks with the Fed “to understand differences in other comprehensive income… between the Federal Reserve’s CCAR [Comprehensive Capital Analysis and Review] results and Bank of America’s Dodd-Frank Act stress-test results”.

The mismatch had caused BoA to

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