Browsing articles tagged with " stress tests"
CNBC alerts us to the Federal Reserve plans to stress test the six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis. Below is the inevitable Jamie Dimon quote on how JP Morgan doesn't need to do a stress test and how he's tried of being lumped together with all these other crummy banks:
"Why in the hell do we have to go through a stress test. JP Morgan is the best bank in the world. We don't need to raise any capital. We are prepared for any kind of European crisis.
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