Goldman, Morgan Stanley say test scores may not curb payouts

THE FEDERAL RESERVE'S bank stress test assumed tougher economic conditions than 2017 for its
THE FEDERAL RESERVE'S bank stress test assumed tougher economic conditions than 2017 for its "severely adverse scenario." / BLOOMBERG
NEW YORK - Goldman Sachs Group Inc. and Morgan Stanley are imploring investors not to get spooked. The investment banks had the two lowest capital levels by one key measure in stress test results released Thursday by the Federal Reserve, threatening to limit how much cash they’ll be able to return to shareholders through dividends…

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