(CNBC) The Federal Reserve announced Thursday that the biggest U.S. banks could easily withstand a severe recession, a milestone for the once-beleaguered industry. The Fed, in releasing the results of its annual stress test, said all 23 institutions in the 2021 exam remained “well above” minimum required capital levels during a hypothetical economic downturn.
Federal Reserve gives U.S. banks a thumbs-up as all 23 lenders easily pass 2021 stress test
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