The Fed just put two dates on the calendar that every bank trader needs to know.
The Fed just put two dates on the calendar that every bank trader needs to know. Two moves out of the Federal Reserve today. First — enforcement actions dropped against a former Atlantic Union Bank employee and a former Frost Bank employee. Details are thin, but the Fed doesn't issue these quietly.…
Transcript
The Fed just put two dates on the calendar that every bank trader needs to know.
Two moves out of the Federal Reserve today. First — enforcement actions dropped against a former Atlantic Union Bank employee and a former Frost Bank employee. Details are thin, but the Fed doesn't issue these quietly. Second — and this is the one that moves markets — the Fed has officially confirmed annual bank stress test results drop Wednesday, June 24th, 4 p.m. Eastern. That's your hard date. Every major bank holding company is in scope. Stress tests determine capital requirements, dividend capacity, buyback approvals. The results hit after close, so Thursday morning pre-market is where you'll see the reaction. Watch the regionals. Watch the money centers. The enforcement actions are contained — two individuals, not institutions. The stress test release is systemic. Mark June 24th. Set your alerts now.
Numbers don't lie. People do. Trade accordingly.