Wall Street is buying itself

With the Federal Reserve's big test out of the way Wall Street is going on a huge buying binge.
That is, it is buying itself.
The Dodd-Frank stress tests, which measure whether financial institutions with more than $50 billion in US-based assets could survive a severe recession without infecting the rest of the economy, mandate that if a bank fails the firm is not allowed to return cash to shareholders in the form of dividend and buybacks.
Now that the tests are over, the banks that pa