Fed OKs capital plans for 16 of 18 top US banks

15 Mar, 2013

WASHINGTON: The Federal Reserve on Thursday told Goldman Sachs and JPMorgan Chase to revise their capital plans within months to address weaknesses, as it signed off on the plans of 14 other major banks.

The Fed meanwhile objected to the plans for capital investment and dividend payments of two banks, BB&T and government-controlled Ally Financial.

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