Banks press Fed to limit information release: WSJ

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Banks press Fed to limit information release: WSJ (by Polya Lesova)

NEW YORK (MarketWatch) -- Some big U.S. banks are trying to persuade the Federal Reserve to limit the amount of detail it makes public about them when it announces the results of its latest stress tests, The Wall Street Journal reported on its website late Sunday. The Fed plans to release much more information this time than it did when it published the results of the 2009 stress tests. The Clearing House Association, a bank lobbying group, told the Fed in a letter this month that releasing additional information "could have unanticipated and potentially unwarranted and negative consequences to covered companies and U.S. financial markets," according to the newspaper.

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