The Fed just put two dates on the calendar that every bank trader needs to know — mark them now.

The Fed just put two dates on the calendar that every bank trader needs to know — mark them now.

Two Fed actions dropping simultaneously. First — enforcement. The Federal Reserve Board issued actions against a former Atlantic Union Bank employee and a former Frost Bank employee. No dollar figures disclosed. Individual-level, not institutional. Banks themselves are not named as subjects.

Second — and this is the bigger one. Stress test results drop Wednesday, June 24th. Four p.m. Eastern. That's your hard deadline. The Fed's annual bank stress test covers the largest U.S. financial institutions. Results hit after market close. Expect volatility in bank names that evening and into the following session.

AUB and CFR — neither institution is under direct action here. Former employees are. Distinction matters.

June 24th, four p.m. Eastern. Put it in the system now.

Numbers don't lie. People do. Trade accordingly.