Fed: 32 US Banks Pass Stress Test
The Federal Reserve says all 32 large US banks passed its latest stress test, demonstrating they could withstand a severe recession and absorb over $700 billion in hypothetical losses.
THE FEDERAL RESERVE SAID ALL 32 LARGE U.S.
BANKS PASSED ITS LATEST STRESS TEST, DEMONSTRATING THEY COULD WITHSTAND A SEVERE RECESSION, ABSORB MORE THAN $700 BILLION IN HYPOTHETICAL LOSSES, AND CONTINUE LENDING WHILE REMAINING ABOVE MINIMUM CAPITAL REQUIREMENTS.
THE FED REAFFIRMED ITS PLAN TO KEEP OVERALL BANK CAPITAL LEVELS BROADLY STABLE AS IT REWORKS ITS STRESS-TESTING FRAMEWORK, WITH NEW STRESS CAPITAL BUFFERS TO BE IMPLEMENTED FOLLOWING THE 2027 STRESS TEST CYCLE.