Yellow light for Goldman Sachs and JP Morgan. The two big US banks will have to submit new capital plans to the Federal Reserve by the end of the third quarter, taking into account their respective weaknesses. The session of stress test conducted by the American Central Bank, which has granted most of the country's 18 major institutions the go-ahead to implement dividend distribution and share buyback plans.
The second part of the stress tests (the first was published last week) aimed at understanding whether coupon distributions and buyback plans could lead a bank to unacceptable capital levels in adverse economic conditions. The only real failures came for Ally and BB&T Corporation.
