The nation's largest banks have strong capital levels and virtually all are now meeting supervisory expectations for capital planning, the Federal Reserve Board on Thursday announced following its annual examination. As a result, the Board is not objecting to the capital plans of all 18 firms but is requiring one firm to address limited weaknesses identified from the test. The Comprehensive Capital Analysis and Review, or CCAR, evaluated the capital planning processes and capital adequacy of 18 of the largest banking firms, including the firms' planned capital actions, such as dividend payments and share buybacks. ... (full story)

Credit Suisse was the only Wall Street firm that didn’t sail through the Federal Reserve’s annual stress test, as competitors from J.P. Morgan Chase to Bank of America got approval to boost dividends and share buybacks. The U.S. division of Zurich-based Credit Suisse has to fix problems the Fed found in its capital planning processes by Oct. 27, according to the Federal Reserve. Specifically, the Fed found weaknesses tied to assumptions the bank made for trading losses under a stressed scenario. Credit Suisse has to keep its capital distributions at the 2018 level until it satisfies the Fed. In this year’s version of ... (full story)