Banks will have to hit a higher mark during their 2014 stress tests now that the Fed is increasing passage requirements. Under the new guidelines, the Fed will use its own numbers to determine if a bank is well capitalized.
The Federal Reserve Board revealed its final policy statement describing the processes it will use to develop scenarios for future capital planning and stress testing exercises, helping provide guidance for banks.
The mega banks have spent the past few years working on their living wills and capital requirements to ensure a smooth transition in the wake of a future financial crisis, but not every bank is receiving passing scores from the Fed.
People are listening to real estate economists today in a way that anyone who covered the industry a decade or more ago would not recognize. Smoke is one of the members of this new wave of real estate economists. In fact, Smoke is actually the newest one on the block. The upstart economists at places like Trulia and Zillow are still new, Smoke is just the latest player to join the game..