Jul
01
Wells Fargo Sailed Through Its Stress Test. Goldman Sachs and Morgan Stanley, Not So Much.
ByTests produce winners and losers. The one that the government imposed on the nation’s biggest banks this week was no exception.
The Federal Reserve on Thursday released results of the second round of its annual stress tests, which assess whether large banks have enough capital to make it through an economic crisis, and whether they have the systems and plans in place to deal with the related upheaval. When banks fail the tests, the Fed may limit how much money they can pay out to shareholders or, in the case of the American operations of foreign banks, how much they can pay to their parent companies…
Wells Fargo Sailed Through Its Stress Test. Goldman Sachs and Morgan Stanley, Not So Much.
