financetom
Business
financetom
/
Business
/
Fed Agrees to Lower Goldman Sachs' Latest Capital Requirement; Sets Final Levels for Large US Banks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fed Agrees to Lower Goldman Sachs' Latest Capital Requirement; Sets Final Levels for Large US Banks
Aug 29, 2024 4:21 AM

06:54 AM EDT, 08/29/2024 (MT Newswires) -- The Federal Reserve said Wednesday it agreed to lower the latest stress capital buffer requirement for Goldman Sachs ( GS ) after the bank asked for reconsideration.

Goldman Sachs ( GS ) must now maintain a stress capital buffer of 6.2%, lower than the 6.4% initially required by the central bank's annual health check for big banks.

The Federal Reserve said it agreed to adjust the treatment of some non-recurring historical expenses in the stress test, resulting in the revised requirement.

The latest capital requirements for the US's largest banks, including the revision for Goldman Sachs ( GS ), take effect on Oct. 1, the central bank said.

Price: 504.00, Change: +0.67, Percent Change: +0.13

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Adient Fiscal Q1 Adjusted Earnings, Revenue Fall; Fiscal 2025 Sales Outlook Lowered
Adient Fiscal Q1 Adjusted Earnings, Revenue Fall; Fiscal 2025 Sales Outlook Lowered
Jan 28, 2025
07:23 AM EST, 01/28/2025 (MT Newswires) -- Adient (ADNT) reported fiscal Q1 adjusted earnings Tuesday of $0.27 per diluted share, down from $0.31 a year earlier. Analysts polled by FactSet expected $0.23. Revenue for the quarter ended Dec. 31 was $3.50 billion, down from $3.66 billion a year earlier. Analysts surveyed by FactSet expected $3.43 billion. For fiscal 2025, the...
Adentra Extends Credit Facilities For Five Years
Adentra Extends Credit Facilities For Five Years
Jan 28, 2025
07:27 AM EST, 01/28/2025 (MT Newswires) -- Adentra ( HDIUF ) overnight Monday extended its credit facilities for five years to Jan. 27, 2030. The credit facilities provide ADEN include a revolving credit facility of $600 million and a term loan of $225 million. The extension of the credit facilities provides us with the financial flexibility to continue our strategic...
Popular's Q4 Net Income, Revenue Rise
Popular's Q4 Net Income, Revenue Rise
Jan 28, 2025
07:29 AM EST, 01/28/2025 (MT Newswires) -- Popular (BPOP) reported Q4 net income Tuesday of $2.51 per diluted share, up from $1.31 a year earlier. Analysts surveyed by FactSet expected $2.05. Revenue for the quarter ended Dec. 31, expressed as the sum of net interest income and non-interest income, was $755.5 million, compared with $702.9 million a year earlier. Analysts...
BMO on Differences in Canada's Jobs Surveys
BMO on Differences in Canada's Jobs Surveys
Jan 28, 2025
07:23 AM EST, 01/28/2025 (MT Newswires) -- The Bank of Canada has lots to concern itself with at the rates decision this week, including the United States tariff threat, a sagging Canadian dollar (CAD or loonie) and some firmness in core inflation, said Bank of Montreal (BMO). However, it also has a small puzzle on the jobs front, noted the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved