International Reuters
By David Henry and Patrick Rucker
NEW YORK / WASHINGTON (Reuters) – almost all large US banks are able to raise their payments to shareholders, said Wednesday the Federal Reserve, and only two subsidiaries of foreign lenders will not approve the annual stress tests.
the results US banks show that not only have significantly strengthened their capital since the financial crisis of 2007-2009, in addition to its operators have tried to Fed credit for their planning.
However, the Fed gave Morgan Stanley only a conditional approval and said it should resolve weaknesses in their processes. Even so will allow you to move forward with a program of share repurchase 3.500 million and a rise in its dividend.
The regulatory approval triggered a series of announcements of banks that plan to buy back more of its shares or increase dividends, good news for investors in papers entities who had suffered a blow after the vote in UK last week in favor of leaving the European Union.
However, the subsidiaries United States of Deutsche Bank AG and Banco Santander SA returned to fail stress tests, due to “extensive and substantive weaknesses” in their planning process capital.
the rejection of their capital plans -for the third year in the case of Santander and in the second of Deutsche- means they can not repatriate profits.
despite its failure, Deutsche and Santander have improved, said a senior Fed official in a conference call with reporters. In quantitative terms, the 33 banks that participated in the stress tests long exceeded the minimum capital requirements.
These banks have more than doubled their capital since the financial crisis, with contributions from more than 700,000 million dollars in common equity since 2009, according to the Fed.
the results of stress tests announced Wednesday, known as CCAR are important because they determine how much capital can allocate large US banks to dividends, buybacks, acquisitions and investments
(by David Henry in New York and Patrick Rucker in Washington, published in Spanish by Andre Grenon).
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