Unchained Preppers

General Category => News & Politics => Topic started by: Nemo on March 11, 2015, 10:40:36 PM

Title: Banks Getting Weaker??
Post by: Nemo on March 11, 2015, 10:40:36 PM

According to the Wall Street Journal, Yes.  It would be a headache to copy the entire article over here so read the part below and click the link.

Nemo

http://www.wsj.com/articles/federal-reserve-rejects-2-banks-capital-plans-in-annual-stress-tests-1426105804 (http://www.wsj.com/articles/federal-reserve-rejects-2-banks-capital-plans-in-annual-stress-tests-1426105804)

Quote

Big Banks Struggle to Pass Fed’s ‘Stress Tests’
Bank of America must resubmit proposal to address certain weaknesses

By Victoria McGrane and Ryan Tracy
Updated March 11, 2015 7:44 p.m. ET


WASHINGTON—Four of the biggest names on Wall Street struggled to pass the Federal Reserve’s 2015 “stress tests,” and the U.S. units of two foreign banks fell short, underscoring the constraint the annual exercise imposes on the largest banks more than six years after the 2008 crisis.

Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Morgan Stanley received the green light to return income to investors only after adjusting their initial requests to ensure capital buffers stayed above the minimums required by the Fed.

Title: Re: Banks Getting Weaker??
Post by: JohnyMac on March 12, 2015, 07:56:28 AM

Knowing Washington, they fudged the numbers so two to all passed the stress test.