The Wall Street Journal, citing people familiar with the matter, has reported that the Federal Reserve told Bank of America it doesn’t believe its management is forward-looking enough. The Fed shared those concerns with the bank over problems the regulator found with the lender’s latest ‘stress test’ submission, according to the Journal’s story.
The Wall Street Journal, citing people familiar with the matter, has reported that the Federal Reserve told Bank of America it doesn’t believe its management is forward-looking enough. The Fed shared those concerns with the bank over problems the regulator found with the lender’s latest ‘stress test’ submission, according to the Journal’s story. Joshua Komer jkomer@charlotteobserver.com
The Wall Street Journal, citing people familiar with the matter, has reported that the Federal Reserve told Bank of America it doesn’t believe its management is forward-looking enough. The Fed shared those concerns with the bank over problems the regulator found with the lender’s latest ‘stress test’ submission, according to the Journal’s story. Joshua Komer jkomer@charlotteobserver.com
Bank Watch

Bank Watch

News and notes on Charlotte's banks and the financial industry

WSJ: Fed faulted BofA for not anticipating ‘stress test’ problems

June 18, 2015 02:00 AM

UPDATED June 18, 2015 08:45 AM

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