CoinVoice has recently learned that several large banks are planning to sue the Federal Reserve regarding the annual bank stress tests, according to the latest market information from informed sources. The source indicated that a lawsuit is expected to be filed this week, possibly as early as Tuesday morning local time. The Federal Reserve's stress tests are an annual routine that requires banks to maintain sufficient buffer capital for bad loans and sets limits on stock buybacks and dividends.

After the market closed on Monday, the Federal Reserve announced in a statement that it plans to adjust the bank stress tests, but it did not provide specific details about the adjustments to the annual stress test framework. However, these adjustments may not be enough to alleviate banks' concerns about heavy capital requirements, as the Federal Reserve stated, "These proposed adjustments are not intended to have a material impact on overall capital requirements." [Original link]