Fed to drop some prior demands on bank fixes, Bloomberg says

The Federal Reserve has signaled that it plans to abandon some of the confidential warnings it previously sent to banks to improve operations, people familiar with the matter told Bloomberg’s Katanga Johnson, Hannah Levitt and Evan Weinberger. The Fed’s supervision staff told banks around the nation earlier this month that examiners would begin reviews of the outstanding private orders to fix deficiencies, the report noted. Publicly traded large cap banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).