Fed spanks JPMorgan, Goldman

STRESSED

Updated Apr. 21, 2017 11:57AM EDT / Published Mar. 15, 2013 8:27AM EDT

Despite rising from the financial crisis as two of the stronger firms, Goldman Sachs and JPMorgan Chase were smacked down by the Federal Reserve and told to resubmit proposals to pay billions of dollars to shareholders. After the banks performed poorly in this year’s stress tests, the Fed cited the weakness of Goldman’s and JPMorgan’s capital plans in denying their proposals to distribute money.

Read it at The New York Times

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Fed spanks JPMorgan, Goldman