CCAR: JP Morgan, Capital One adjust planned capital actions
Two banks see stressed capital ratios fall below regulatory minimums at first attempt
JP Morgan and Capital One had to adjust their planned capital actions to pass the Federal Reserve’s Comprehensive Capital Analysis and Review (CCAR) 2019 under the severely adverse scenario.
Under its original planned capital actions, JP Morgan fell below its minimum capital ratios. The bank’s CET1 ratio fell to 4.4%, while its Tier 1 leverage ratio and SLR slipped to 3.8% and 3%, respectively, under the severely adverse scenario.
JP Morgan’s actual ratios at the beginning of the nine
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