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- US banks which passed the latest round of Fed stress tests are now free to boost dividend payments and share buybacks.
- Warren Buffett’s Berkshire Hathaway is one of the largest shareholders in multiple banks, and is now in line for around $1.7 billion worth of extra dividends.
The US Federal Reserve announced the results of its latest banking stress tests late last week, and most US banks passed with flying colours.
The stress tests were introduced after the 2008 global financial crisis in order to ensure US banks were protected in the event of another liquidity squeeze.
See the rest of the story at Business Insider
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