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Big banks sue Federal Reserve over stress tests
The Fed is weighing ‘significant changes’ to its annual stress tests for large U.S. banks to lessen the risk of large year-on-year swings
The Federal Reserve may overhaul its annual stress tests for large U.S. banks to reduce the volatility of the results, but also make them more transparent. While the Fed did not o
Big banks, business groups sue US Fed over annual stress tests
Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law.
Banks sue Fed over stress tests
The Bank Policy Institute, the American Bankers Association and others said proposed changes would address "some if not all" of banks' concerns about stress tests, but they are filing the lawsuit to preserve their legal right to do so.
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US Banks Sue Fed Over 'Opaque' Stress Tests
A business coalition led by large US banks filed suit Tuesday against the Federal Reserve, criticizing the central bank's annual stress test implementation as "opaque" and detrimental to economic ...
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on MSN
Fed's stress test forcing banks to hold 'a lot more capital than is warranted': Gene Scalia
Gene Scalia, Fmr. Labor Secretary, joins 'Closing Bell Overtime' to talks the lawsuit banks are filing against the Federal ...
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