Wall Street banks pick up buyback pace ahead of key Fed tests
The six largest lenders bought back more than $14B in shares in the first quarter as regulators hint at "lite" version of new rules.
The biggest US banks haven’t waited for this week’s stress tests to signal optimism about their capital levels.
The six largest lenders bought back more than $14 billion of stock in the first quarter, a 73% jump from the meager pace in last year’s second half. The banks had slowed their buy
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