2. -- For the third time in as many years, all 34 of the country's biggest banks met the minimum capital standards in annual Federal Reserve stress tests designed to safeguard the U.S. from another financial crisis.
The reviews gauged whether lenders with more than $50 billion in assets could withstand a hypothetical "severe global recession" in which the unemployment rate peaks at 10% by the third quarter of 2018 while equity prices fall by 50% through the end of this year.
Overall, the results showed that the banking sector is well-capitalized, with the vast majority of firms maintaining significant capital buffers in the scenario. However, a few institutions came close to a minimum level that will be considered in a second, more important set of tests coming next week, including Goldman Sachs Group Inc. (GS) , Morgan Stanley (MS) and State Street Corp. (STT) .
One new bank that participated in the test, CIT Group Inc. (CIT) , was well above minimum requirements, much better than a private trial run last year.
3. -- Amazon.com Inc. (AMZN) is looking to charge advertisers $2.8 million for packages that include 30-second spots during the Thursday night National Football League games it will stream live to its Prime customers this coming football season, two people familiar with the matter told Reuters.
Amazon is paying $50 million to the NFL to stream this season's 10 Thursday night games, sources told Reuters in April, as the online retailer pushes into live sports. The games will be shown simultaneously on either CBS Corp. (CBS) or Comcast Corp.'s (CMCSA) NBC, which are broadcasting five games each.
The live-streamed games will only be available to subscribers to Amazon's Prime service, which costs $99 a year.
Amazon takes over from Twitter Inc. TWTR, which paid $10 million to stream Thursday night games last season.
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