PNC works capital rules to expand stock buyback
PNC will add an extra $300 million to its stock buyback program, taking advantage of a little-known Fed rule. ... Read full article
News Topic: stress tests
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Fed finalizes qualitative stress test changes
The Federal Reserve Board approved a proposal Monday designed to exempt most of the 33 banks subject to annual stress testing from the “qualitative” aspects of the test. ... Read full article
Another Oil Company, Cubic Energy, Files for Bankruptcy
Texas oil company Cubic Energy Inc. filed for chapter 11 protection with a prepackaged plan that would hand control to lenders. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article