Capital One must resubmit plan as 33 banks ace Fed tests

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 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
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 approval to distribute capital to shareholders. Thirty-three other firms aced the review and are likely to pay out more than analysts had estimated. The Fed ordered Capital One to shore up…

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