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Banking Groups Sue Fed Over Lack of Transparency in Stress Tests
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Banks Hit Fed With Lawsuit Over 'Opaque' Stress-Test Standards
Bank Lobbyists Sue Fed Over Stress Test Transparency
It is not enough to force the Federal Reserve to issue a statement of "surrender"! Wall Street has directly taken them to court.
① Due to dissatisfaction with the lack of transparency in the Federal Reserve's annual stress testing process, an organization representing the Bank of America has taken the Federal Reserve to court; ② This also marks a significant escalation in the intensity of the conflict between Wall Street and the Federal Reserve over the past two years.
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Investors in JPMorgan Chase (NYSE:JPM) Have Seen Notable Returns of 99% Over the Past Five Years