Success in Fed stress tests comes with a cost

One bank that passed 2014 test has 50 things to fix before January

Mark Levonian, Promontory Financial

For the five banks that failed the latest iteration of the Federal Reserve Board's annual stress tests, the March 26 results were the start of a race to improve and then resubmit capital plans. For the 25 banks that passed, it would be easy, but wrong, to conclude the heat is off. While these institutions are free to make their proposed dividend payments or share buybacks, some are also under pressure to head off future problems.

The Fed doesn't say much about these institutions. The stress test

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