Banks

The Fed will conduct new "stress tests" on major banks, reports Neil Irwin:

Posted on Friday, November 19, 2010


"The Federal Reserve said Wednesday that it will use a 'conservative' approach, applied equally across the 19 largest and most complex U.S. banks, to determine whether they should be allowed to pay their shareholders dividends, repurchase shares or take other actions that would reduce their buffers against future losses. The reviews amount to a lower-profile version of the 'stress tests' that regulators performed on the top banks in 2009, when officials sought to learn how much capital large firms would need to withstand worst-case-scenario economic conditions."Ezra Klein The Washington Post


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