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Post by Clinton SPX on Mar 13, 2012 16:18:58 GMT -5
Fed Stress Test Released: Citi, SunTrust, Ally And MetLife Have Insufficient Capital Submitted by Tyler Durden on 03/13/2012 - 16:41 American Express Capital One Credit Crisis Fail Jamie Dimon Stress Test When we announced the news of Jamie Dimon's surprising announcement, we said that "Since we are now obviously replaying the entire credit crisis, from beginning to end, must as well go all in. Now - who's next? And perhaps just as importantly, who isn't." Who isn't it turns out are 4 banks that did not pass the Fed's stress test results. These are SunTrust, naturally Ally, MetLife and... Citi. Way to earn that 2011 $15 million comp Vic! To summarize: across the 19 banks taking the test, the maximum losses are projected to hit a total of $534 billion. But at least Jamie Dimon gets to pay his dividend. Also, the European LTRO stigma comes to the US in the form of banks who do dividend hike/buyback, vs those that do not.. and of course the 4 unlucky ones that fail the stress test entirely.
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Post by benvestor on Mar 13, 2012 16:23:28 GMT -5
i thought we had all kinds of stress tests already here in the US.. arent we waiting on EU stress tests again
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Post by Clinton SPX on Mar 13, 2012 16:32:17 GMT -5
USA gonna have a stress test every spring from now on
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