Federal Reserve just dropped two moves that every bank trader needs to clock right now.
Federal Reserve just dropped two moves that every bank trader needs to clock right now. First — the Fed issued enforcement actions against a former Atlantic Union Bank employee and a former Frost Bank employee. No dollar figures disclosed. Personnel actions, not institutional penalties. Atlantic…
Transcript
Federal Reserve just dropped two moves that every bank trader needs to clock right now.
First — the Fed issued enforcement actions against a former Atlantic Union Bank employee and a former Frost Bank employee. No dollar figures disclosed. Personnel actions, not institutional penalties. Atlantic Union trades as AUB. Frost parent is Cullen/Frost Bankers — CFR. Watch both for any sympathy volatility.
Second — and this one has a hard date — the Fed confirms annual bank stress test results drop Wednesday, June 24th, 4 p.m. Eastern. That's your event risk. JPM, BAC, WFC, C, GS, MS — all carry binary exposure to that release. Stress test results can move capital return expectations overnight. Buybacks. Dividends. Everything hinges on what comes out June 24th.
Mark the calendar. Manage your size going into that date.
Two Fed actions. One date that matters. Now you know.
Numbers don't lie. People do. Trade accordingly.