Morning Scan: Worrying About the GDP Drop; Risk Officers Get Respect

Receiving Wide Coverage ...

Translating Tarullo: The Federal Reserve plans to step up year-round oversight of big banks to ensure they are able to pass stress tests, Fed Governor Daniel Tarullo said in a Wednesday speech. The thrust of Tarullo's remarks suggest a push "to centralize the oversight of Wall Street in Washington," according to the Wall Street Journal. The paper focuses on how the stress-test failures of both Zions Bancorp and Citigroup may have been...