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Nick Lucas Econ Writing Assignment 3 Essay

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Nick Lucas
Writing Assignment 3
Big Banks Struggle to Past Fed’s “Stress Test”
Victoria McGrane, Ryan Tracy

I read the article Big Banks Struggle to Past Fed’s “Stress Test”, the article focused on how four of the biggest US banks struggled to pass the Federal Reserve 2015 “stress tests.” The banks that were included in the group were Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Bank of America Corp. Although Bank of America Corp. only got conditional approval return capital to investors, while the other three were allowed to return income to investors only after adjusting their initial requests (Mcgrane, Tracy). The reason for...

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