A coalition of major banks and business groups, including JPMorgan, Citigroup, and Goldman Sachs, are suing the fed over its annual bank stress tests.
Consider taking an exam without clear guidelines on what will be assessed. Many students have likely experienced this ...
The Fed’s top bank cop, Michael Barr, is stepping down early to avoid a legal battle with Trump. If the Federal Reserve is ...
Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a ...
Alex Barrage, a partner with Troutman Pepper Locke, was quoted in the January 7, 2025 CNBC article, “Wall Street Notches ...
The dollar surged 8% in 2024, fueled by the Fed's policy shifts and potential tariffs under President Trump. Check out why I ...
The central bank, a day earlier, had said it aims to improve transparency and consider public comment on its stress-testing ...
The Federal Reserve, on December 23, announced that it is looking to make changes in the bank's stress test and will be seeking public comments for it. Fed called it “significant changes to ...
The complaint in U.S. District Court for the Southern District of Ohio alleges that the Fed’s stress-test scenarios may be unrealistic and said the capital requirements imposed on banks as a ...
The lawsuit asks the court to declare unlawful the models and scenarios used in the 2024 stress test, as well as those in the 2025 and 2026 versions. The groups also want the Fed to allow for ...
That’s what the Fed has been doing with its capital stress tests, as banking groups argue in a lawsuit filed Tuesday. Banks say the Fed is violating the Administrative Procedure Act by dodging ...