Fed does not object to new Goldman, JPMorgan capital plans
Credit: Reuters/Jonathan Ernst
The sun rises to the east of the U.S. Federal Reserve building in Washington, July 31, 2013.
The capital plans are part of the stress-testing regime meant to determine how the biggest U.S. banks would fare in a financial meltdown. Regulators began the tests after the 2007-2009 crisis.
In March, the Fed approved Goldman's and JPMorgan's plans to buy back shares and pay dividends, but regulators told both banks to fix flaws in how they determined capital payouts to shareholders.
(Reporting by Emily Stephenson; Editing by Leslie Adler)
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