Fed extends deadline for CCAR resubmissions

Citigroup (C), HSBC North America, RBS Citizens, and Santander Holdings U.S.A. (SAN) were originally required to re-submit capital plans by the end of business on Thursday, but - following requests from the banks - the Fed is giving them until January 5 of next year, the due date for the next round of annual plans for all of the lenders under the CCAR umbrella.

Previously: Passing next stress test is job #1 at Citi

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Comments (2)
  • Shelby Cardozo
    , contributor
    Comments (1596) | Send Message
    The Federal Government will ensure that these reckless banks have enough in reserve to weather the oncoming extortion lawsuits soon to be filed by the Federal Government.
    24 Jun 2014, 02:27 PM Reply Like
  • VincentCh
    , contributor
    Comments (741) | Send Message
    aka BNP?


    US has no jurisdiction on what BNP did. It was legal in all places where it happened, except that some transactions were cleared in the US.


    I really don't understand why US wants to push non-US banks to stop using $.
    Financial sanctions have the same effect.


    Imbecility? Incompetence? Arrogance? All? (bet = all)


    Anyway, the rejection of Santander capital plan is simply legal formal games by an out of control administration. No very relevant for Santander group.
    24 Jun 2014, 05:31 PM Reply Like
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