Federal Reserve Revises Stress-Test Results
March 21 2014 - 5:30PM
Dow Jones News
The Federal Reserve revised its stress test results for 15 U.S.
banks a day after releasing its annual report card, producing a
weaker outcome for Bank of America Corp., American Express and HSBC
North America Holdings Inc.
Charlotte, N.C.-based Bank of America was already the worst
performer among big U.S. banks, and Friday's revision dropped its
Tier 1 common capital to 5.9% from 6%.
The Fed views 5% as a minimum level allowance.
Write to Dan Fitzpatrick at dan.fitzpatrick@wsj.com
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