The Federal Reserve has set a Jan. 7 deadline for the largest banks to prove they have the capital to withstand another financial crisis. Bank of America, JPMorgan Chase, Citibank and 16 others will have to file so-called “stress test” documentation by then.
Continue reading Fed Sets ‘Stress Test’ Deadline for Biggest Banks
Fed Sets ‘Stress Test’ Deadline for Biggest Banks originally appeared on DailyFinance on Wed, 17 Nov 2010 18:45:00.
Filed Under: Company News, JP Morgan Chase, Bank of America, Citigroup