Why JPMorgan released stress-test news before the Fed did

03/14/2012 | Wall Street Journal, The

JPMorgan beat the Federal Reserve in announcing the results of its stress test Tuesday afternoon, angering other banks that said they followed the Fed's instructions to stay quiet until the report was released after the close of markets. Fed officials say JPMorgan wasn't at fault. They said JPMorgan's early release was the result of miscommunication between the Fed and the bank.

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