US Fed uses CCAR to chasten banks

摘要

The Federal Reserve used this year's comprehensive capital analysis review, or CCAR, to reiterate its concern that investment banking, particularly trading, has the potential to severely erode bank capital in an economic crisis. While the Fed cleared the way for the largest investment banks to use more than US$20bn to buy back their shares over the next six quarters, in addition to dividend increases, it was only after jp Morgan, goldman sachs and morgan stanley Scaled back their requests. Goldman Sachs did not publicly disclose the size of its buyback request.