The Federal Reserve’s incoming vice chair Michelle Bowman announced plans to address the disparity between confidential bank ratings and their financial conditions. Data from the Fed reveal that two-thirds of the largest US banks were rated unsatisfactory in 2024, despite meeting supervisory expectations for capital and liquidity.
Source: https://www.bloomberg.com/news/articles/2025-06-06/fed-s-bowman-says-big-banks-secret-ratings-will-be-addressed