Thursday, November 18, 2010

Banks To Under Go Fed Stress Test

CHECKUP: The nation's largest banks must undergo new stress tests to show they can weather another recession, and the Federal Reserve said those that pass them can boost dividends paid to investors.

WHAT'S GOOD HEALTH? Banks would need to show they're in good financial health and that they have adequate capital to absorb potential losses over the next two years.

LINEUP: All of the 19 largest banks overseen by the Fed must file the plans — even if they don't intend to increase their dividend payments.

Source: Yahoo Read Original Article Here

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