These Top 3 Banks Raise Dividends After Passing Fed Stress Test

Every once in a while, the Federal Reserve has to step aside from its primary function of keeping markets safe and employment running strong - without too much inflation - to ensure banks are doing okay. What’s called the Fed’s “stress test” ended last week, and despite some concerns about the state of consumer credit, most banks passed with flying colors.Passing the test means these banks have a new capital requirement to upkeep, set by the Fed after analyzing results. Often, the risk management department ...