Hallo klonks Brother´s....seid Ihr alle noch an Board???
Viele Grüße Euer alaadin
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Hallo klonks Brother´s....seid Ihr alle noch an Board???
Viele Grüße Euer alaadin
www.boardpost.net/forum/index.php?topic=2986.0
Zitat bgriffinokc:
I'm not one to speculate on how this might affect Goldman's Atlantic Global sell, but I thinks it has them in the uncomfortable position of being in the hot seat. Are we going to have to wait for Goldman Sach to to resubmit its capital plan by the end of the third quarter before we see any action between WMLT? SG and GS?
www.cnbc.com/id/100554413
Goldman Sachs said the Fed did not object to its proposed capital actions, but, it will resubmit its capital plan by the end of the third quarter, "incorporating certain enhancements to its stress test processes."" "This finding of weakness was not something that was widely anticipated for either Goldman or JPMorgan. A failure to remedy the process would be grounds for rejection of the plans."
Published: Thursday, 14 Mar 2013 | 4:30 PM ET By: John Carney Senior Editor, CNBC.com Federal Reserve Building, Washington, D.C.
***In Part
Many of the biggest banks in the United States got the green light from the Federal Reserve Thursday on plans to return profits to shareholders.
Two banks, JPMorgan Chase and Goldman Sachs, got yellow lights. The Federal Reserve did not object to their plans but is requiring them to submit new plans that will address what the regulators say are weaknesses in their planning processes.
Ally Financial and BB&T Corporation had their plans rejected by the Federal Reserve.
The Federal Reserve said that fourteen had submitted plans that satisfied its tests. Those banks are American Express Company; Bank of America Corporation; The Bank of New York Mellon Corporation; Capital One Financial Corporation; Citigroup; Fifth Third Bancorp; KeyCorp; Morgan Stanley; The PNC Financial Services Group; Regions Financial Corporation; State Street Corporation; SunTrust Banks; U.S. Bancorp; and Wells Fargo.
Several banks immediately announced their plans to make dividends and buy back shares.
Last week, the Fed announced the results of its so-called stress tests. The Fed said that 17 of the 18 large banks reviewed had enough capital to withstand a severe recession.
In the announcement today, the Fed revealed the results of its look at the dividend and buyback plans for each of the 18 banks for the next year. The process, officially known as the Comprehensive Capital Analysis and Review or CCAR, is now in its third year.
"Strong capital levels help ensure that banking organizations have the ability to lend to households and businesses and to continue to meet their financial obligations, even in times of economic difficulty," the Fed said in a press release.
The Fed evaluates each of the banks' plans and their planning process. Its determination of whether or not to approve a capital plan depends, in part, on whether the bank would have sufficient capital after a proposed dividend or buyback to meet its financial obligations in a severe economic downturn. It also looks at the process the banks use to arrive at their proposals and how the banks would measure up under the new international bank capital requirements known as Basel 3.
The Fed did not object to the capital plans of Goldman and JPMorgan outright. But it did require each of them to submit new capital plans by the end of the third quarter of this year to "address weaknesses in their capital planning processes." This weakness was not something that was widely anticipated for either Goldman or JPMorgan. A failure to remedy the process would be grounds for rejection of the plans.
In the meantime, each of these banks may begin returning profits to shareholders in the form of dividends or buybacks. Goldman and JPMorgan learned of the specifics of the Fed's concerns with their planning processes earlier Thursday.
A senior Fed official referred to this as "conditional approval" of the capital plans of these two banks.
Zitatende
MfG.L:)
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