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A new Federal Reserve proposal to ease annual "stress tests" designed to keep big banks like JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) from failing could be bad news for bondholders. Moody's Investors Service, which analyzes the probability of bond defaults, says the new proposal from Randal Quarles, the Fed's vice chairman for bank supervision, is a "credit negative." In the lingo of credit-rating firms, that means a bond default is incrementally more likely.