Santander Consumer USA (SC) Winner, Capital One (COF) Loser in Consumer Finance Following CCAR - JPMorgan
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Capital One Financial (COF) Announces Conditional Approval to Capital Plan Following CCAR
June 28, 2017 4:37 PM EDTCapital One Financial Corporation (NYSE: COF) today announced that the Federal Reserve Board has completed its 2017 Comprehensive Capital Analysis and Review ("CCAR") and did not object to Capital One's proposed capital plan. As a condition to not objecting to the company's capital plan, the Federal Reserve Board is requiring the company to resubmit its capital plan by December 28, 2017 to address certain weaknesses in its capital... More
UPDATE: Fed Doesn't Object to Capital Plans of All Banks in Stress Test, Capital One Must Resubmit
June 28, 2017 4:30 PM EDT(Updated - June 28, 2017 4:33 PM EDT)
The Federal Reserve Board on Wednesday announced it has completed its review of the capital planning practices of the nation's largest banks and did not object to the capital plans of all 34 bank holding companies participating in the Comprehensive Capital Analysis and Review (CCAR). However, the Board is requiring one firm to address weaknesses in its capital planning process and resubmit its capital plan by the end of 2017.
CCAR, in its seventh year, evaluates the capital planning processes and capital adequacy of the largest U.S.-based bank holding companies, including the... More
