Al­most half of big US banks fail to sat­isfy Fed

The Wichita Eagle - - Business -

More than 40 per­cent of ma­jor U.S. len­ders are fail­ing to sat­isfy the Fed­eral Re­serve’s expectations in key ar­eas of risk man­age­ment, the cen­tral bank said Fri­day in a re­port that re­veals the reg­u­la­tor’s over­all as­sess­ment of the in­dus­try.

The Fed’s Su­per­vi­sion and Reg­u­la­tion Re­port high­lights the pos­i­tives — in­clud­ing high cap­i­tal and liq­uid­ity re­serves — but it also shows how risks may come from mis­man­age­ment, cy­ber­at­tacks and fail­ures to pro­tect the bank­ing sys­tem. Those faults are con­tribut­ing to firms fail­ing to make the top two of the five cat­e­gories that mea­sure a bank’s strength.

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