(CNBC) All 23 of the U.S. banks included in the Federal Reserve’s annual stress test weathered a severe recession scenario while continuing to lend to consumers and corporations, the regulator said Wednesday. The banks were able to maintain minimum capital levels, despite $541 billion in projected losses for the group, while continuing to provide credit to the economy in the hypothetical recession
Federal Reserve says 23 biggest banks weathered severe recession scenario in stress test
This entry was posted in Syndicated. Bookmark the permalink.
