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Fed Releases Latest Results of Bank Stress Tests

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  • Description

    FBN's Diane Macedo breaks down the Fed's capital distribution results.

  • Duration 0:54
  • Date

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Good morning everyone I'm -- sale -- the Federal Reserve is out with results from its latest round of annual stress tests on eighteen of the largest US banks.

JPMorgan Chase and Goldman Sachs have been granted conditional approval for their capital payouts.

But the Central Bank says their plans for maintaining capital levels are weak and need to be revised by the end of September.

The Fed says it will allow JPMorgan and Goldman to go through with any dividend increases or share buybacks they requested but it did turned down similar -- From ally financial and BB&T.

The stress testament to insure the banks can withstand the severe recession and they're used to determine whether big banks can raise dividends for shareholders or buy back their -- shares.

Here's a look at futures now we've got red arrows across the board Dow futures are down three the S&P and NASDAQ both down about one.

The best of Imus continues right now on Fox Business giving you the power to prosper.

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