Thursday, March 28, 2024

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Dakin Campbell

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CAPITAL ONE FINANCIAL CORP. was the only one of the 34 major U.S. banks that underwent the annual Federal Reserve stress test that is being required to file a follow-up plan with the central bank. / BLOOMBERG NEWS FILE PHOTO/CRAIG WARGA

Capital One must resubmit plan as 33 banks ace Fed tests

NEW YORK – Capital One Financial Corp. was alone among big U.S. banks in stumbling through the Federal Reserve’s annual stress tests, getting conditional...

Morgan Stanley unit accused of high-pressure sales tactics

A Morgan Stanley unit allegedly set up a high-pressure contest to spur financial advisers to cross-sell loans backed by investment accounts in an effort...

Morgan Stanley, Santander must resubmit capital plans after Fed stress test

(Updated, 5:35 p.m. and 6 p.m.) NEW YORK - Morgan Stanley was alone among the largest U.S. banks in stumbling through the Federal Reserve’s annual...
BANK of AMERICA, among all 33 banks that were included, have passed the first round of the Federal Reserve's stress test, which is designed to see if the financial institutions are healthy enough to continue functioning despite dire economic circumstances.  / BLOOMBERG FILE PHOTO/JIN LEE

Biggest U.S. banks seen weathering severe stress in Fed’s tests

WASHINGTON - The Federal Reserve’s stress tests of big banks found all 33 have enough capital to withstand a severe economic shock, though Morgan...

BofA faces stress as Fed test verdict hits with Brexit vote

NEW YORK - Few banks face as much pressure as Bank of America Corp. on Thursday, when the Federal Reserve posts initial results from...

Fed stress tests show 31 largest banks, including Banco Santander, meet...

(Updated 10:35 a.m.) WASHINGTON – The Federal Reserve on Thursday said all 31 big banks, including U.S. units of Banco Santander SA, subject to...

Millennial bankers reap raises as BofA, Goldman fight defections

NEW YORK – A new generation of Wall Street bankers is about to get a raise, as firms open wallets to head off defections...

BofA raises dividend, drops buyback as capital plan approved

NEW YORK – Bank of America Corp., the second-biggest U.S. bank, raised its quarterly dividend to 5 cents a share and dropped plans to...

Fed extends capital-plan deadline for RBS, Santander to Jan.

WASHINGTON – The Federal Reserve extended deadlines until next year for new capital plans from Citigroup Inc. and the U.S. units of HSBC Holdings...

U.S. banks’ $75 billion payout at stake on Fed test results

The biggest U.S. banks are about to learn whether they can pay out more than $75 billion in excess capital to investors as the...
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