Sunday, July 13, 2014





Fed: JPMorgan, Goldman need better capital plans


March 14. 2013 4:37PM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) The Federal Reserve is telling JPMorgan Chase and Goldman Sachs that their plans for maintaining proper capital levels are weak. It ordered both banks to revise their plans by the end of September.


The Fed's order is part of the results of the so-called stress tests. The tests are annual check-ups in which the government determines whether big banks can raise dividends for shareholders and buy back their own shares. The tests are meant to make sure the banks can withstand a severe recession.


The Fed says it will allow JPMorgan and Goldman to go through with any dividend increases or share buybacks they may have requested. The Fed didn't say what the banks had asked for.


The Fed turned down similar requests from Ally Financial and BB&T.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds