Does the Fed Stress Test Matter to Big-Bank Advisors?
July 5, 2016
The biggest U.S. banks just passed the Federal Reserve’s yearly “stress test” on their ability to meet capital requirements, though Morgan Stanley was asked to resubmit its capital-reserve plan for the second year running. Bank of America, Merrill Lynch’s owner, faced a similar challenge last year. Do such events have a negative impact for FAs who work at these banks?
|No, it’s a small accounting issue, easily overcome.|
|Yes, it tarnishes the brand.|