Fed Orders Goldman, JPMorgan to Fix Capital Plan

Fed Orders Goldman, JPMorgan to Fix Capital Plan Play

March 14 (Bloomberg) -- Goldman Sachs Group Inc. and JPMorgan Chase & Co., the world’s biggest trading firms, must submit new capital plans to regulators to address weaknesses in their planning processes found by the Federal Reserve. The central bank approved 14 other banks' proposals. Capital plans submitted by Ally Financial Inc. and BB&T Corp. were rejected, while American Express Co. had to revise its submission to win approval. Julie Hyman and Matt Miller report on Bloomberg Television's "Street Smart." (Source: Bloomberg)

  • On Air Now

    Bloomberg Bottom Line Watch Now

  • Next

    Street Smart with Trish Regan

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus