Reuters: Regulatory News: U.S. banks say they are safer by their own measures

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

50% off Print Subscription of USA Today Get the news delivered to your doorstep. Lock in the savings and receive USA Today for just $0.75 a day. From our sponsors

U.S. banks say they are safer by their own measures Sep 16th 2013, 22:51 By Lauren Tara LaCapra and Peter Rudegeair NEW YORK, Sept 16 | Mon Sep 16, 2013 6:51pm EDT NEW YORK, Sept 16 (Reuters) - The biggest U.S. banks, including JPMorgan Chase & Co and Bank of America Corp, said that by their own reckoning they are better equipped to withstand global downturns now than they were in March. The results may have been helped by the banks having built capital levels in recent months as the economy showed some signs of improvement and they earned more money. But analysts said the results of these self-tests may be less meaningful than they appear. In many cases they are not directly comparable to the tests the banks disclosed in March, known as "stress tests," which were more closely overseen by the U.S. Federal Reserve. Banks were permitted to craft their own assumptions about what would happen in a global downturn, and their scenarios may differ from the Fed's. "Someone could pass this and fail the stress test," said Moshe Orenbuch, a bank analyst at Credit Suisse.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions