Goldman Sachs requested reconsideration of its preliminary SCB requirement on July 11, including a request for an informal hearing.
Goldman Sachs Statement on Stress Capital Buffer Reconsideration
NEW YORK, NY, Aug 28, 2024 - The Federal Reserve has adjusted down the Goldman Sachs stress capital buffer requirement to 6.2%, resulting in a Standardized Common Equity Tier 1 (“CET1”) ratio of 13.7% effective on October 1, 2024.
Goldman Sachs faces uphill battle in dispute with Federal Reserve …
Jul 4, 2024 · Goldman Sachs faces long odds in getting the Federal Reserve to reconsider its disappointing grade in this year’s bank stress tests, according to regulatory experts.
Goldman Sachs Statement on Stress Capital Buffer
NEW YORK, NY, June 28, 2024 – On Wednesday, June 26, the Federal Reserve notified the firm of the Stress Capital Buffer (“SCB”) for The Goldman Sachs Group, Inc. (NYSE: GS) of 6.4%, resulting in a Standardized Common Equity Tier 1 (“CET1”) ratio requirement of 13.9%, which will become effective on October 1, 2024.
Goldman challenges Fed's demand it hold more capital after …
Jul 14, 2024 · Goldman Sachs has lodged an appeal with the U.S. Federal Reserve challenging its result in the regulator's most recent "stress test," which is set to force the bank to hold a greater amount...
Goldman Sachs wins challenge to Federal Reserve over stress tests
Aug 28, 2024 · Goldman Sachs has become the first US bank to successfully challenge the Federal Reserve over its stress tests and win a cut to its capital requirements as a result. Goldman will be required to...
Federal Reserve Board - Federal Reserve Board announces …
Nov 23, 2021 · The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: The Goldman Sachs Group, Inc., New York, New York, and Goldman Sachs & Co. LLC (formerly known as Goldman, Sachs & Co.),
Federal Reserve Board - Federal Reserve Board orders Goldman Sachs ...
Aug 3, 2016 · The Federal Reserve Board on Wednesday ordered Goldman Sachs Group to pay a $36.3 million civil money penalty for its unauthorized use and disclosure of confidential supervisory information and to implement an enhanced program to ensure the proper use of confidential supervisory information.
Fed warned Goldman Sachs over risk and compliance oversight at …
Aug 31, 2023 · US banking regulators have raised risk and compliance concerns over Goldman Sachs’ partnerships with financial technology companies, according to people with knowledge of the talks, in the...
US Fed sets large bank capital levels after stress tests, eases on ...
Aug 28, 2024 · The U.S. Federal Reserve announced on Wednesday it had set the latest capital cushions for large banks following June's annual stress tests, but agreed to shrink Goldman Sachs' burden.