Wall Street stress relief marks a big win for major banks

The Federal Reserve announced it would no longer flunk banks based on operational or risk management lapses during its annual health check of the country’s domestic banks. The “qualitative” portion of the 2019 test, however, will still apply to the US subsidiaries of five foreign banks subject to the annual exam. The move, which is...

from New York Post https://ift.tt/2SN5zkD