chevron_left
-
play_arrow
Energy 90.5 Top Music Radio
The biggest US banks are more vulnerable than they were last year, Fed’s stress test shows
America’s biggest banks are well positioned to survive a severe recession while continuing to lend to households and businesses, the Federal Reserve said Wednesday in its annual bank resilience test, commonly referred to as a stress test. However, banks could suffer higher losses, were a significant economic downturn to hit now versus a year ago.
America’s biggest banks are well positioned to survive a severe recession while continuing to lend to households and businesses, the Federal Reserve said Wednesday in its annual bank resilience test, commonly referred to as a stress test. However, banks could suffer higher losses, were a significant economic downturn to hit now versus a year ago. Read More Breaking News, Latest News and Videos | CNN