The Federal Reserve announces more bad news for the biggest banks–and their stocks.

The worst news for U.S. big banks today has come in a talk by Federal Reserve governor Dan Tarullo on changes to the Fed’s stress test rules for banks. The modifications will are designed to lift some of the regulatory burden from smaller regional banks who will be exempted from some of the qualitative parts of the stress test, but they will increase capital requirements for the eight “globally significant” institutions

For the Fed it’s business as usual with interest rates on Tuesday, but big news on bank dividend increases on Thursday

The U.S. Federal Reserve will make big headlines this week—just not at tomorrow’s (March 13) meeting of its Open Market Committee. The Fed body that sets short-term interest rates is expected to leave rates just where they are at its meeting. Thursday, however, is the day the Fed is scheduled to announce which of the country’s big banks will be cleared to raise their dividend