Big Banks Set to Pay Out Largest Dividends in a Decade
RisingWorld
2017-06-29
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Big Banks Set to Pay Out Largest Dividends in a Decade
By MICHAEL CORKERYJUNE 28, 2017
All of the nation’s largest banks passed the latest stress test on Wednesday, the first time all
aced the exam since the Federal Reserve began administering the exercise seven years ago.
The passing grades shows that the nation’s banking system has sufficiently rebuilt its capital levels since the crippling
losses of the 2008 financial crisis, while also learning how to effectively plan for another financial catastrophe.
The nation’s 34 largest banks have $1.2 trillion worth of capital cushion — as
measured by their common equity — an increase of $750 billion since 2009.
By MICHAEL CORKERYJUNE 28, 2017
All of the nation’s largest banks passed the latest stress test on Wednesday, the first time all
aced the exam since the Federal Reserve began administering the exercise seven years ago.
The passing grades shows that the nation’s banking system has sufficiently rebuilt its capital levels since the crippling
losses of the 2008 financial crisis, while also learning how to effectively plan for another financial catastrophe.
The nation’s 34 largest banks have $1.2 trillion worth of capital cushion — as
measured by their common equity — an increase of $750 billion since 2009.
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