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 items off the wire. First — the Federal Reserve issued enforcement actions against a former Atlantic Union Bank employee and a former Frost Bank employee. No dollar figures disclosed. Personnel actions, not…
Transcript
The Fed just put two dates on the calendar that every bank trader needs to know.
Two items off the wire. First — the Federal Reserve 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. Watch both tickers for any follow-on reaction.
Second — and this is the bigger one — the Fed has confirmed annual bank stress test results drop Wednesday, June 24th, 4 p.m. Eastern. That's your hard deadline. Every major bank holding company is in play that afternoon. JPM, BAC, WFC, GS, MS — all of them move on stress test day. Sometimes hard.
Mark June 24th. Four p.m. Eastern. Results release. Full stop.
Enforcement actions are personnel-level. Stress test results are market-level. Know the difference before you sit down that morning.
Numbers don't lie. People do. Trade accordingly.