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Under a final rule, banks with $50 billion or more in assets will need to submit capital plans to the Federal Reserve, which will also begin performing stress tests for the largest financial institutions next year. In accordance with the rule, the Fed will take responsibility for annual evaluations of each institution├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós capital adequacy, internal assessment processes, and capital distribution plans, including dividend payments and stock repurchases.

More mortgage professionals received a desk and day job as hiring rose and layoffs fell over the third quarter, according to a recent study. In releasing the Third-Quarter 2011 Mortgage Employment Index, industry data offered up a net gain of 2,738 jobs for mortgage lenders and other professionals. New hires leapt ahead to 5,240 over the third quarter, offering considerable contrast to 2,502 layoffs over the same time frame. Of these last third-quarter gains, Texas emerged as the state with the most at 699 job gains.

Nonfarm payrolls counted more than 80,000 new jobs for the economy over October, slashing the unemployment rate by a few percentage points but at a clip that analysts say will marginally improve an otherwise uncertain economic outlook. The Labor Department reported Friday that the jump to more than 100,000 new jobs over September - a facelift driven largely by a return to work by striking Verizon employees - slid back to new figures with few surprising numbers for several industries.