Market News: Several Large U.S. Banks Plan to Sue the Federal Reserve
According to market news, a knowledgeable source disclosed that several large banks are planning to sue the Federal Reserve regarding the annual bank stress tests. The source indicated that the 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 specifies the scale of stock buybacks and dividends. After the market close on Monday, the Federal Reserve announced in a statement that it plans to adjust the bank stress tests, but it did not provide detailed information on the specific adjustments to the annual stress test framework. However, these adjustments may not be sufficient to alleviate banks' concerns about heavy capital requirements. This is because the Federal Reserve stated, "These proposed adjustments are not intended to have a material impact on overall capital requirements." Greg Baer, CEO of the Bank Policy Institute (BPI), which represents large banks such as JPMorgan Chase, Citigroup, and Goldman Sachs, welcomed the Federal Reserve's statement, saying in a statement, "The Fed's statement today is a first step toward transparency and accountability." However, Baer also hinted that further action may be taken: "We are carefully reviewing this statement and considering taking additional measures to ensure timely reforms that comply with both legal and policy requirements."#加密市场反弹