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Banks Said to Weigh Defying Fed With Dividend Disclosures

The largest U.S. banks are weighing whether to disregard a Federal Reserve request and announce their dividend plans shortly after the central bank’s stress tests are released, people with knowledge of the process said.

The Fed has asked 18 firms, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., to wait until next week, even though the lenders will get preliminary word today about whether their capital plans were approved. Bank executives are concerned that investors could be confused and are considering whether securities laws may require prompt disclosure of their plans for dividends and share repurchases, the people said.