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The results of the first-ever "mid-cycle" stress tests of the big banks are due Friday. Unlike...

The results of the first-ever "mid-cycle" stress tests of the big banks are due Friday. Unlike the Fed exams completed in March, these tests are self-administered and based on scenarios of the banks' own choosing. Will any fail themselves? Worth watching are BB&T (BBT) and Ally Financial - both of whom failed the Fed test. Others required to submit: GS, JPM, BAC, BK, AXP, COF, C, FITB, MS, PNC, RF, STT, STI, USB, WFC.
Comments (8)
  • stuartspoonemore
    , contributor
    Comments (101) | Send Message
     
    If memory serves, it was STI that failed the stress test not BBT.
    3 Jul 2013, 01:59 PM Reply Like
  • user_bloomfieldNJ
    , contributor
    Comment (1) | Send Message
     
    STI failed in the 2012 CCAR.

     

    In the 2013 CCAR, Ally and BB&T failed. BB&T failed for more 'qualitative' reasons, so I would expect them to 'pass'. Ally will probably struggle.

     

    The external company releases are not required until September, so there will be a bit of time between now and then until the general public finds out.
    3 Jul 2013, 04:28 PM Reply Like
  • Lynell
    , contributor
    Comments (8) | Send Message
     
    If I could have self administered my own tests surely I could have graduated Magna Cum somethin' or other.
    4 Jul 2013, 02:56 AM Reply Like
  • J.J. Cohen
    , contributor
    Comments (302) | Send Message
     
    lol, zactly what i was thinking @lynell
    4 Jul 2013, 10:38 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4350) | Send Message
     
    The whole notion of self testing is just an invitation to abuse! Government of the people by the rich...
    5 Jul 2013, 08:11 AM Reply Like
  • june1234
    , contributor
    Comments (2694) | Send Message
     
    Goldman Sachs Alumni:
    Jon Corzine, Tim Geithner
    Robert Rubin , Hank Paulson - Former Secretaries of the Treasury
    Mario Draghi - governor of the European Central Bank
    Mario Monti - Prime Minister of Italy
    Mark Carney - Bank Of England
    Stephen Friedman - Chairman New York Federal Reserve
    António Borges - head of the International Monetary Fund
    Petros Christodoulou, head of Greece's debt management agency
    5 Jul 2013, 08:15 AM Reply Like
  • The Long Tail of Finance
    , contributor
    Comments (782) | Send Message
     
    Noticed they are releasing these details on a "zombie day", when no one's paying as close attention to the markets?
    5 Jul 2013, 08:18 AM Reply Like
  • CassandraSees
    , contributor
    Comments (389) | Send Message
     
    How many points do they get for spelling their name correctly at the top of the test page?
    5 Jul 2013, 05:16 PM Reply Like
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