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More on Fed stress test results

  • Again, all 30 lenders subject to the Fed stress test passed with the exception of Zions Bancorp. Checking the individual results:
  • Regional banks passing: BB&T Corp. (BBT), Comerica (CMA), Fifth Third (FITB), Huntington (HBAN), KeyCorp (KEY), M&T (MTB), PNC, Regions (RF), SunTrust (STI), U.S. Bancorp (USB).
  • Credit card lenders: American Express (AXP), Discover (see here), Capital One (COF).
  • Those controlled by overseas holding companies: BBVA Compass, BMO FInancial, HSBC North America, RBS Citizens Financial, Santander Holdings USA (SAN), UnionBanCal (MTU).
  • Trust banks: Bank of New York (BK), State Street (STT), Northern Trust (NTRS).
  • TBTFs: See here.
  • More on Zions (ZION): The failure likely has something to do with CDOs on its books backed by trust-preferred securities. The bank signaled earlier this year it would likely resubmit its capital plan to the Fed as the test's calculation of its capital ratio wouldn't reflect Zion's planned sale of these.
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Comments (2)
  • toomuchgas
    , contributor
    Comments (686) | Send Message
     
    How about giving us the actual results instead of just pass/fail?
    21 Mar 2014, 10:36 AM Reply Like
  • thenoffya
    , contributor
    Comments (161) | Send Message
     
    Here it is for USB

     

    http://bit.ly/1nK29OB
    21 Mar 2014, 11:31 AM Reply Like
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