Fed Oks Goldman Sachs, J. P. Morgan Capital Plans

The Federal Reserve said on Monday that it had no objections with revised “stress test” capital plans submitted by J.P. Morgan Chase & Co.JPM +0.02% and Goldman Sachs Group Inc.GS +0.01% .

The central bank had allowed the two Wall Street giants to move ahead with their capital-return plans, but could have halted them if it had found the revised plans insufficient.

The decision has no bearing on 2014 stress tests which will be released next March.

Source: Marketwatch