Top US banks fall short of Fed standards
Supervisor says bulk of outstanding problems for largest banks concern governance and controls
Sixteen of the largest US banks received less-than-satisfactory ratings from the Federal Reserve in 2019.
Of the 38 bank holding companies and foreign intermediate holding companies with over $100 billion in assets, 42% fell short of Fed standards on risk management, governance and regulatory compliance, a new report shows.
This is almost the same percentage as in 2018, though lower than the
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