8 U.S. banks pass test, can use own risk models

02/23/2014 | Reuters

The Federal Reserve and Office of the Comptroller of the Currency said eight U.S. banks have passed a capital requirements test. The banks -- the Bank of New York Mellon, Citigroup, Goldman Sachs Group, JPMorgan Chase, Morgan Stanley, Northern Trust, State Street and U.S. Bancorp -- will be permitted to use their own models for measuring their risk factors.

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