Tag:
Stress Test
Latest Headlines
Latest Headlines
Brian Moynihan speaks as stress tests loom
Bank of America CEO Brian Moynihan has perhaps the hardest job in banking.
Fixing up the troubled banking giant--which is reeling from the economy and the disastrous Countrywide purchase in 2008--has proven a massive challenge with no true success in sight. The rockiness of the recovery path h
31 banks to undergo stress test
The bank stress tests are getting more onerous. This time around, the Fed will test 31 institutions, up from 19 the last time. In addition, the top six banks will be singled out for additional testing to see if they can withstand a significant global economic shock.
The worst case scenario to
Banks brace for Fed's stress test
In compliance with Dodd-Frank, the Federal Reserve will soon subjecting banks to its Comprehensive Capital Analysis and Review (CCAR) program, which amounts to stress tests.
The goal is to find out just how well positioned banks are against economic weakness and market shocks and determine whe
Citigroup CEO proposes a way to compare financial risks
Citigroup CEO Vikram Pandit has generated mild applause for his idea on a new system that would allow for better comparison of banks when it comes to risk.
As Breakingviews describes it, "Pandit is championing an idea to make it easier to compare the way banks assess risk. To accomplish th
Fourth round of stress tests coming
The stress test has become a favorite tool of the Federal Reserve and regulators in general.
Such tests of big banks have several benefits, as they make clear that the Fed is actively monitoring bank stability issues. They also allow for the Fed to establish clear expectations about what banks
Can Brian Moynihan save Bank of America?
At this time of extreme uncertainty, you have to applaud Bank of America CEO Brian Moynihan and Gary Lynch--the bank's top lawyer--for taking time out of their schedules to talk to Bloomberg BusinessWeek , which has weighed in with a long cover story on whether Moynihan can save the bank.
I
Fed orders more stress tests, dividend hikes coming?
Remember all the stress test drama from 2009? Get ready for a repeat because the Federal Reserve has just ordered that the 19 largest banks must demonstrate their capital is adequate to survive another economic downturn. Banks are required to submit capital plans and detailed balance sheet data by
Success story: BONY Mellon
When the results of the stress tests were made known, only three were expected to be profitable in 2010 under the adverse scenario. The leader of the elite group was not Goldman Sachs, rather it was Bank of New York Mellon, notes Fortune .
The bank indeed finds itself in strong position. No
Bank of America on a capital binge
Non-government holders of Bank of America preferred shares have agreed to an exchange offer that will result in nearly $6 billion more capital for the bank, reports the Financial Times . The preferred shares will be converted into 436 million shares of common. So it looks like the bank will be
Ready for big credit card losses?
One big question about the analytical underpinnings of the stress tests: The assumed correlation between unemployment and credit card write-offs. There's no doubt there's a strong relationship. The issue is whether the slope of the line is a bit steeper in this recession, that is, will the normal
