Marketplace Morning Report for Wednesday, March 11, 2015
First up: bankers scanning the results of the first round of the Federal Reserve's stress breathed a small sigh of relief last week. Thirty-one of the biggest U.S. banks were under the microscope, and all 31 passed. But it’s not over yet. Today the Fed announces part two of the annual stress test designed to see whether banks have enough capital to withstand another financial meltdown. Why is this such an important issue for banks and to what extent is it changing how the banking industry works? Then: The UK isn't hitting NATO's targets for defense spending, and now the government is reportedly looking into some "creative accounting" to meet targets. We look into it. Finally: We chat with Keith Ferrazzi over at Ferrazzi Greenlight about business relationships.
First up: bankers scanning the results of the first round of the Federal Reserve’s stress breathed a small sigh of relief last week. Thirty-one of the biggest U.S. banks were under the microscope, and all 31 passed. But it’s not over yet. Today the Fed announces part two of the annual stress test designed to see whether banks have enough capital to withstand another financial meltdown. Why is this such an important issue for banks and to what extent is it changing how the banking industry works? Then: The UK isn’t hitting NATO’s targets for defense spending, and now the government is reportedly looking into some “creative accounting” to meet targets. We look into it. Finally: We chat with Keith Ferrazzi over at Ferrazzi Greenlight about business relationships.
