JPMorgan and The Fed in Awkward Spot Again

        18:22 EST - Fed Vice Chairman Stanley Fischer slipped up today and revealed that JPMorgan (JPM) is the only big bank that faces a capital shortfall under a new proposed requirement -- a $21B shortfall to be exact. It was a detail Fed staff had carefully guarded as confidential since the rule isn't final. It's not the first time JPM and the Fed were caught in an awkward spot over the disclosure of regulatory information. In 2012, JPM announced it had passed a Fed stress test about 90 minutes before the Fed released the results broadly for many of the nation's largest banks. The move, which angered some rival banks, was described at the time by a senior Fed official as a miscommunication that wasn't the bank's fault. (victoria.mcgrane@wsj.com; @vgmac)
        (END) Dow Jones Newswires

        December 09, 2014 18:22 ET (23:22 GMT)

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