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Fed Deems Banks Ready for Brexit, Negative Rates, Etc., As Citi Triples Dividend

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Eight years after nearly collapsing during the global financial crisis, the largest U.S. banks are back, and they're ready for just about anything. At least, in the eyes of the Federal Reserve. JPMorgan Chase (JPM) , Bank of America (BAC) , Citigroup (C) and other lenders were cleared by the Fed yesterday to pay out an estimated 73% of earnings to shareholders -- the highest level since they redeemed bailout funds doled out by the U.S. Treasury...

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