Banks Rush To Announce Dividend, Buyback Plans After All Pass Fed's Stress Test, COF Needs To Resubmit Plan
@zerohedge -

One week after the Fed found that all 33 US major banks have passed the stress test and would survive even a surge in the VIX to 70, moments ago the Fed released the details of the second part of the stress test - the capital distribution to shareholders - where as expected, it also had no complaints to any bank's capital plans except to advise Capital One, the troubled credit card lender with the rising bad loan problem, to resubmit its plan.

Discussing Capital On, the Fed said "the firm’s...

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