Tax law upends banks’ CCAR stress test scores.

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    • Subject Terms:
      GOLDMAN Sachs & Co. 006984561 ; MORGAN Stanley & Co. LLC ; STATE Street Corp. 062156427 STT
    • Abstract:
      The article reports on the tax reform law signed by U.S. President Donald Trump that affected the 2018 Comprehensive Capital Analysis and Review (CCAR) stress test results issued by the U.S. Federal Reserve. It informs about the Federal Reserve's constraint in the capital distribution plans at banks including Goldman Sachs, Morgan Stanley, and State Street, as well as the grade of banks based on Tier 1 leverage, common equity Tier 1, Tier 1 capital and total capital ratios.