Under a lawsuit threat, the bank regulator agrees to change its bank capital tests.
The litigation addresses long-standing concerns about the opacity of the Federal Reserve’s stress testing procedures, which ...
Major banks and business groups, including the American Bank Association, sued the U.S. Federal Reserve (Fed) on Tuesday, ...
A business coalition led by large US banks filed suit Tuesday against the Federal Reserve, criticizing the central bank's annual stress test implementation as "opaque" and detrimental to economic ...
Trade groups representing the largest U.S. banks on Tuesday filed suit in federal court to force more transparency in the U.S. Federal Reserve's bank stress tests imposed after the 2008 global ...
The Federal Reserve has proposed changes to increase transparency, but banks and business groups want to keep their legal ...
The Federal Reserve is being sued by several groups representing America's biggest banks on allegations that the Fed's annual ...
In bold move challenging regulators’ powers, plaintiffs allege US central bank's ‘stress tests’ of Wall Street firms violate ...
A lawsuit was filed against the Federal Reserve on Tuesday about the stress test and its lack of transparency.
Results of the Fed’s stress tests can have a major impact on bank finances. The Fed uses results to set stress capital buffers mandated to protect against financial shocks. The central bank can also ...
The Bank Policy Institute is leading a group of banks and financial organizations in a lawsuit on Tuesday against the Federal ...