Fed's Secrecy Clouds Latest Bank Stress Test Results

Law360, New York (March 14, 2013, 7:48 PM EDT) -- The Federal Reserve on Thursday rejected BB&T Corp.'s capital plan but declined to provide a detailed explanation for its decision despite the bank's strong performance in an earlier stress test, spurring renewed calls from banks and others for a more transparent process.

In a surprise move, the Fed also told Goldman Sachs Group Inc. and JPMorgan Chase & Co. to fix several weaknesses in capital plans the two bank holding companies submitted as part of the Comprehensive Capital Analysis and Review before the plans could get...
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