While the proposal to excuse mid-size banks from the qualitative review was made last year, more easing is expected as President Donald Trump appoints new industry-friendly board members to the Fed. Last week, Treasury Secretary Steven Mnuchin recommended that stress tests be performed every other year and that banks maintaining a sufficiently high level of capital be exempt from exams.
The banks being tested will return $121 billion to shareholders in the form of dividends and share buybacks over the next four quarters, or about 85 percent of their profit, up from about 75 percent in the previous four quarters, according to the average of analysts’ estimates compiled by Bloomberg.
Submitted June 20, 2017 at 08:43AM by MasterCookSwag http://ift.tt/2to8rZY
