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Mar 24, 2014

FRB | Press Release - March 24, 2014: The Federal Reserve on Monday issued full corrected results for the 2014 Dodd-Frank Act stress test.

Press Release

Release Date: March 24, 2014

For immediate release

The Federal Reserve on Monday issued full corrected results for the 2014 Dodd-Frank Act stress test.
As announced on Friday, the Federal Reserve adjusted the stress test results to address inconsistencies in the treatment of the fourth quarter 2013 actual capital actions and assumptions about preferred and employee compensation-related issuance over the course of the planning horizon.
Dodd-Frank Act Stress Test 2014: Supervisory Stress Test Methodology and Results (PDF)
For media inquiries, call 202-452-2955.

Last update: March 24, 2014

Reuters | Deals Today - March 24, 2014.

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
L'Oreal inks sale to Nestle of shares in Galderma
PARIS (Reuters) - L'Oreal said on Monday it had signed the share purchase agreement selling to Nestle its holding in dermatology joint venture Galderma, a key step to completing its deal to buy back shares from the Swiss food giant.
Grubhub's IPO could value online food delivery firm at $1.72 billion
(Reuters) - GrubHub Inc said it expects to price its initial public offering of 7.03 million shares at $20-$22 per share, valuing the largest U.S. online food delivery services provider at up to $1.72 billion.
Singapore's Tigerair orders Airbus jets worth $3.8 bln
SINGAPORE (Reuters) - Singapore's Tiger Airways Holdings Ltd has placed an order for 37 Airbus A320neo aircraft worth $3.8 billion at list prices, taking delivery of the planes from 2018 to 2025, the carrier said in a statement on Monday.
Private equity-led group buys payments company Nets for $3.1 billion
STOCKHOLM (Reuters) - Private equity firms Advent International and Bain Capital, along with Danish pension fund ATP, agreed on Monday to buy payment services company Nets Holding from a group of Nordic banks for 17 billion Danish crowns ($3.14 billion), Nets said in a statement.
South Korea boosts air defenses with about $6.8 billion budget for F-35s
SEOUL (Reuters) - South Korea expects to pay around 7.34 trillion won ($6.79 billion) for 40 Lockheed Martin F-35 fighter jets, two sources with knowledge of the matter said on Monday, as Seoul boosts its air defenses amid simmering tensions in the region.
Japanese banks to invest in $3 billion CVC Asia private equity fund
HONG KONG (Reuters) - Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Trust Bank said they have agreed to invest in CVC Capital Partners Ltd's fourth Asian fund, which is seeking to raise around $3 billion.
Standard Life in advanced talks to buy Phoenix asset management unit
(Reuters) - British life insurance and pensions group Standard Life has announced it is in "exclusive and advanced" talks to buy rival Phoenix Group Holdings' Ignis Asset Management.
Air Berlin to be delisted; Etihad to lift stake: report
FRANKFURT (Reuters) - Ailing German airline Air Berlin , almost 30 percent owned by Abu Dhabi-based Etihad Airways, will be delisted and Etihad will raise its stake to 49.9 percent, a German weekly reported, possibly as a prelude to combining it with Alitalia.
Swisscom has up to $1.9 billion for acquisitions: paper
ZURICH (Reuters) - Telecoms group Swisscom has 1.6-1.7 billion Swiss francs ($1.8-$1.9 billion) available for acquisitions in Switzerland and Italy, the company's chief financial officer said in an interview published on Saturday,
Private equity firm CD&R frontrunner for Dubai-owned Mauser: report
LONDON (Reuters) - Private equity firm Clayton Dubilier & Rice LLC (CD&R) is the frontrunner among four bidders for Germany-based, but Dubai-owned, packaging group Mauser, Britain's Sky News reported on its website on Saturday, without citing its sources.