Two giant US banks have contacted the Federal Reserve about discrepancies between their stress-test filings and people revealed final week by supervisors.
Financial institution of America, the nation’s second-largest financial institution by asset dimension, stated on July 3 it was in talks with the Fed “to grasp variations in different complete revenue… between the Federal Reserve’s CCAR [Comprehensive Capital Analysis and Review] outcomes and Financial institution of America’s Dodd-Frank Act stress-test outcomes”.
The mismatch had triggered BoA to
