November 16, 2012 at 15:23 PM EST
Bank Stress Tests Are Cruel, but Fair: Street Whispers
For its next round of stress tests for the 19 largest US bank holding companies the Federal Reserve has introduced some new twists but has also thrown a gift to the banks that may face rejection of their initial plans to return capital to investors. Companies that had their initial 2012 capital plans in March rejected in full or in part including Citigroup (NYSE:C) SunTrust (NYSE:STI) and Fifth Third Bancorp (NASDAQ:FITB) had to wait until August for their revised capital plans to be approved. Of the three only Fifth Third was approved in August for a dividend boost. Neither ...
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