Fed stress test shows big banks can weather a severe recession

The Federal Reserve gave the largest US banks a clean bill of health in its annual stress test, saying they would be able to continue lending to households and businesses even in a severe recession.

This year’s stress test measured the ability of the 34 largest banks to maintain strong levels of capital in a hypothetical recession characterized by significantly higher unemployment and sharp falls in stock prices.

https://www.wsj.com/articles/fed-stress-test-finds-big-banks-can-weather-severe-recession-11656016201?mod=rss_markets_main Fed stress test shows big banks can weather a severe recession

Luke Plunkett

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