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The 880 All Local -- Evening Edition -- December 14, 2019December 15, 2019
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The 880 All Local -- Midday Edition -- December 14, 2019December 14, 2019
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The 880 All Local -- AM Edition -- Saturday, December 14, 2019December 14, 2019
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The 880 All Local - PM Edition - December 13 2019December 13, 2019
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The 880 All Local - Midday Edition - December 13 2019December 13, 2019
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13 Year-Old Arrested in Murder of Barnard StudentDecember 13, 2019
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The Two Critical Stages In Growth Of A BusinessDecember 13, 2019
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The 880 All Local Morning Edition Friday december 13 2019December 13, 2019
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The Monthly Visit from the Grammar PoliceDecember 13, 2019
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Getting Rid Of The Bad GuysDecember 13, 2019
Fed approves buyback, dividend plans for all largest banks
NEW YORK (AP) — The Federal Reserve has approved all the capital plans that the nation's 18 largest banks submitted as part of this year's stress tests.
That means that the Fed determined banks like JPMorgan Chase, Citigroup and Bank of America can raise their dividends and buy back more shares this year and still have enough capital to survive a hypothetical deep recession in the next year.
The Fed did ask one European bank, Credit Suisse, to fix a few issues in its capital plan and will revisit the bank's plan in four months.
The stress tests were mandated after the Great Recession under the Dodd Frank Act. They are designed to test whether a large bank could survive a sudden economic downturn without imploding, as was the case a decade ago.