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US Federal Reserve releases results of the annual Comprehensive Capital Analysis and Review (CCAR)

For eight consecutive years, the capital planning processes and capital adequacy of the largest U.S.-based bank holding companies are evaluated, including their ability to pay dividends and redemption of shares with the help of the US Federal Reserve's CCAR. Such an assessment confirms the ability to compensate for losses and enable banks to provide loans to households and enterprises, even in times of a crisis (stress).
 
This year, 18 of the largest and most complex banks were subject to both the quantitative and qualitative assessments. The 17 other firms in CCAR were subject only to the quantitative assessment. The Board may object to a capital plan based on quantitative or qualitative concerns.
 
Of the 35 banks that passed the stress test, only Deutsche Bank USA was not tested. Regarding two banks: Goldman Sachs and Morgan Stanley, the Federal Reserve Board has expressed reservations.
 
The Federal Reserve did not object to the capital plans of Ally Financial, Inc.; American Express Company; BB&T Corporation; BBVA Compass Bancshares, Inc.; BMO Financial Corp.; BNP Paribas USA; Bank of America Corporation; The Bank of New York Mellon Corporation; Barclays US LLC.; Capital One Financial Corporation; Citigroup, Inc.; Citizens Financial Group; Credit Suisse Holdings (USA); Discover Financial Services; Fifth Third Bancorp; HSBC North America Holdings, Inc.; Huntington Bancshares, Inc.; JP Morgan Chase & Co.; Keycorp; M&T Bank Corporation; MUFG Americas Holdings Corporation; Northern Trust Corp.; The PNC Financial Services Group, Inc.; RBC USA Holdco Corporation; Regions Financial Corporation; Santander Holdings USA, Inc.; SunTrust Banks, Inc.; TD Group US Holdings LLC; U.S. Bancorp; UBS Americas Holdings LLC; and Wells Fargo & Company.
 
Source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20180628a.htm
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