Nearly All U.S. Banks Pass Fed’s Stress Test
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The headquarters of Morgan Stanley in New York. The Fed gave the bank a conditional passing grade, raising concerns on its internal controls and processes. Morgan was the only United States bank not to receive an unqualified passing grade. Credit Mike Segar/Reuters
All but one of the nation’s largest banks earned an unconditional passing grade from federal regulators on their annual stress tests, which measure their preparedness to weather a financial crisis.
The one American-based institution that did not pass unconditionally was Morgan Stanley, a Wall Street bank that has been struggling to regain its footing after the financial crisis of 2008. Regulators raised concerns over the company’s internal controls and processes.
The Federal Reserve gave failing grades to the American subsidiaries of two European banks, Deutsche Bank and Santander, which both failed in previous years…
Nearly All U.S. Banks Pass Fed’s Stress Test
