Fed Faults Morgan Stanley as 31 Banks Pass Stress Tests: ChartBy
The results are in: 31 banks passed the Federal Reserve’s annual stress tests. The lone exceptions were the U.S. units of Deutsche Bank AG and Banco Santander SA, which suffer from "broad and substantial weaknesses" in how they manage capital, the Fed said Wednesday. Morgan Stanley squeaked through, winning conditional approval to make payouts to shareholders, but must shore up internal systems and resubmit plans for managing capital by Dec. 29.
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